EcoStar Pest Services began operations on September 1, 2022 with an investment of $36,000 cash into the business. During the month of September, EcoStar completed the following additional transactions: Sep 02 Sold a customer pool equipment on account, $3,000 Sep 04 Purchased supplies on credit for $1,200 Sep 08 Repaired a customer's pool and collected the fee of $2,200 Sep 13 Received $600 from customers for payment on their account Sep 15 Paid employee wages of $1,000 Sep 18 Repaired a customer's pool and billed, but did not collect $2.600. Sep 21 Collected $1,200 from a customer for a job to be performed in October What is the balance in the Accounts Receivable account on September 30, 20227 Select one: O a $3,800 b. $5,000 $6.200 d. $8,400 $9,600

EcoStar Pest Services began operations on September 1, 2022 with an investment of $36,000 cash into the business. During the month of September, EcoStar completed the following additional transactions: Sep 02 Sold a customer pool equipment on account, $3,000 Sep 04 Purchased supplies on credit for $1,200 Sep 08 Repaired a customer's pool and collected the fee of $2,200 Sep 13 Received $600 from customers for payment on their account Sep 15 Paid employee wages of $1,000 Sep 18 Repaired a customer's pool and billed, but did not collect $2.600. Sep 21 Collected $1,200 from a customer for a job to be performed in October What is the balance in the Accounts Receivable account on September 30, 20227 Select one: O a $3,800 b. $5,000 $6.200 d. $8,400 $9,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

EcoStar Pest Services began operations on September 1, 2022 with an investment of $36,000 cash into the business. During the month of September, EcoStar completed the following
additional transactions:
Sep 02 Sold a customer pool equipment on account, $3,000
Sep 04 Purchased supplies on credit for $1,200
Sep 08
Repaired a customer's pool and collected the fee of $2,200
Sep 13 Received $600 from customers for payment on their account
Sep 15 Paid employee wages of $1,000
Sep 18 Repaired a customer's pool and billed, but did not collect $2,600.
Sep 21 Collected $1,200 from a customer for a job to be performed in October
What is the balance in the Accounts Receivable account on September 30, 2022?
Select one:
O
a $3,800
b. $5,000
$6.200
d. $8,400
$9,600

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