At January 1, 2012, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2012, accounts receivable is $54,000. Sales for 2012 total $420,000. Compute Eikenberry's 2012 cash receipts from customers.
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Compute Eikenberry's 2012 cash receipts from customers.
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- Can you please give answer the general accounting question?The companys balance sheet showed an accounts receivble balance of $80,000 at the begininng of the year and $47,000 at the end of the year. The company reported $720,000 in credit sales for the year. What was the amount of cash collected on account receivables durig the yearplease solve this question
- 15. Zeta Company reported sales revenue of P4,600,000 in its income statement for the year ended December 31, 2011. Additional information is given below. Under the cash basis of accounting, what amount should be reported as sales revenue for 2011? 12/31/2010 12/31/2011 Accounts receivable 1,000,000 1,300,000 Allowance for uncollectible accounts 60,000 110,000 Zeta wrote off uncollectible accounts totaling P20,000 during 2011. O a. 4,900,000 O b. 4,350,000 O c. 4,300,000 O d. 4,280,000Selected account balances for Cullumber Company at January 1, 2027, are presented below. Accounts Payable $14,600 Accounts Receivable 22,400 16,300 Cash Inventory 14,400 Cullumber's sales journal for January shows a total of $110,000 in the selling-price column, and its one-column purchases journal for January shows a total of $77,600. The column totals in Cullumber's cash receipts journal are Cash Dr. $60,100, Sales Discounts Dr. $2,600, Accounts Receivable Cr. $45,600, Sales Revenue Cr. $5,900, and Other Accounts Cr. $11,200. The column totals in Cullumber's cash payments journal for January are Cash Cr. $54,000, Inventory Cr. $3,000, Accounts Payable Dr. $46,700, and Other Accounts Dr. $10,300. Hulse's total cost of goods sold for January is $62,100. Accounts Payable, Accounts Receivable, Cash, Inventory, and Sales Revenue are not involved in the Other Accounts column in either the cash receipts or cash payments journal, and are not involved in any general journal entries. Compute….
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