Accounting question On July 1, the accounts receivable account balancewas $32,500. During July, $275,000 was collected fromcustomers on account. Assuming the July 31 balancewas $41,800, determine the amount billed to customerson account during July.

Step 1: Define Billed Amount to Customers on AccountThe billed amount to customers on account refers…

Answered: On July 1, the accounts receivable…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

See similar textbooks

Similar questions

Catherines Cookies has a beginning balance in the Accounts Receivable control total account of $8,200. $15,700 was credited to Accounts Receivable during the month. In the sales journal, the Accounts Receivable debit column shows a total of $12,000. What is the ending balance of the Accounts Receivable account in the general ledger?
What is the accounts receivable balance?
On December
On September 30, Valerian Co. had a $111,500 balance in Accounts Receivable. During October, the company collected $111,890 from its credit customers. The October 31 balance in Accounts Receivable was $107,000. Determine the amount of sales on account that occurred in October.
On December 1, the Accounts Receivable account had a $22.000 debit balance. During December the business eamed $10.500 in revenue on account and collected $13.200 from its-charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is
On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. Please provide answer this general accounting question?
What is the accounts receivable balance?
Need help me this question general accounting
calculate the unknown amount. On September 30, Valerian Co. had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sales on account that occurred in October.
For the month of December, the records of ABC Corporation show the following information: Gross sales – 120,000; Cash received on accounts receivable - P 70,000; Cash sales - 60,000; Accounts Receivable, December 1 - 160,000; Accounts Receivable written off as uncollectible - 2,000. The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What is the balance of accounts receivable as of December 31?
On October 1st, the accounts receivable account balance was $51,400. During october, 447,200 was collected the customer's on account assuming that the October 31st balance was $59,100, determine the fees Bill to customers on account during October.
On December 1, the Notes Receivable account had a normal balance of $130,000. During December, the account was debited for a total of $20,000 and credited for a total of $10,000. What was the balance of the account on December 31?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

On July 1, the accounts receivable account balance was $32,500. During July, $275,000 was collected from customers on account. Assuming the July 31 balance was $41,800, determine the amount billed to customers on account during July.