Aggie Pool Guys, Inc. began operations on September 1, 2019 with an investment of $30,000 cash into the business. During the month of September, Aggie completed the following additional transactions: Sept 2 Sold a customer pool equipment on account, $2,500. Sept 4 Purchased supplies on credit for $1,000. Sept 8 Repaired a customer’s pool and collected the fee of $1,800. Sept 13 Received $500 from customers for payment on their account. Sept 15 Paid employee wages of $800. Sept 18 Repaired a customer’s pool and billed, but did not collect $2,200. Sept 21 Collected $1,000 from a customer for a job to be performed in October. What is the balance in the Accounts Receivable account on September 30, 2019? (hint: Use T account) A. $8,000 B. $4,200 C. $3,200 D. $7,000 E. $5,200
Aggie Pool Guys, Inc. began operations on September 1, 2019 with an investment of $30,000 cash into the business. During the month of September, Aggie completed the following additional transactions:
Sept 2 Sold a customer pool equipment on account, $2,500.
Sept 4 Purchased supplies on credit for $1,000.
Sept 8 Repaired a customer’s pool and collected the fee of $1,800.
Sept 13 Received $500 from customers for payment on their account.
Sept 15 Paid employee wages of $800.
Sept 18 Repaired a customer’s pool and billed, but did not collect $2,200.
Sept 21 Collected $1,000 from a customer for a job to be performed in October.
What is the balance in the
| A. |
$8,000 |
|
| B. |
$4,200 |
|
| C. |
$3,200 |
|
| D. |
$7,000 |
|
| E. |
$5,200 |
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