Ayayai sells softball equipment. On November 14, they shipped $4200 worth of softball uniforms to Martinez Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas High School for $2300 worth of custom printed bats to be produced in December. On November 30, Martinez Middle School returned $500 of defective merchandise. Ayayai has received no payments from either school as of month end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30?
Ayayai sells softball equipment. On November 14, they shipped $4200 worth of softball uniforms to Martinez Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas High School for $2300 worth of custom printed bats to be produced in December. On November 30, Martinez Middle School returned $500 of defective merchandise. Ayayai has received no payments from either school as of month end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ayayai sells softball equipment. On November 14, they shipped $4200 worth of softball uniforms to Martinez Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas High School for $2300 worth of custom printed bats to be produced in December. On November 30, Martinez Middle School returned $500 of defective merchandise. Ayayai has received no payments from either school as of month end. What amount will be recognized as
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