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
icon
Related questions
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
Transcribed Image Text: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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting for Cash and cash equivalents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education