Metlock sells softball equipment. On November 14, they shipped $4,900 worth of softball uniforms to Grouper Middle School, terms 5/10, n/30. On November 21, they received an order from Douglas High School for $2,100 worth of custom-printed bats to be produced in December. On November 30, Grouper Middle School returned $410 of defective merchandise. Metlock has received no payments from either school as of the month's end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30? a. $7,310 b. $6,900 c. $4,900 d. $4,490

Metlock sells softball equipment. On November 14, they shipped $4,900 worth of softball uniforms to Grouper Middle School, terms 5/10, n/30. On November 21, they received an order from Douglas High School for $2,100 worth of custom-printed bats to be produced in December. On November 30, Grouper Middle School returned $410 of defective merchandise. Metlock has received no payments from either school as of the month's end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30? a. $7,310 b. $6,900 c. $4,900 d. $4,490

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 1CP: Block Foods, a retail grocery store, has agreed to purchase all of its merchandise from Square...

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