do fast of this answer General accounting question On July 1, the accounts receivable account balancewas $62,500. During July, $325,000 was collected fromcustomers on account. Assuming the July 31 balancewas $78,200, determine the fees billed to customers onaccount during July.

Step 1: Define Fees Billed to Customers on AccountFees billed to customers on account refer to the…

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

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 December
Need help me this question general accounting
What is the accounts receivable balance?
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?
General Accounting
At December 1, 2021, Vaughn Company's accounts receivable balance was $1860. During December, Vaughn had credit revenues on account of $7080 and collected accounts receivable of $6070. At December 31, 2021, the accounts receivable balance is $850 credit. Ⓒ $850 debit Ⓒ $2870 debit. O $2870 credit.
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?
The January 1 balance in accounts receivable was $22,000. All sales during the period were on credit and totaled $647,000. Collections on account were $631,000. Write-offs during the year totaled $28,000. What is the ending balance in accounts receivable? A. $10,000 Dr balance B. $18,000 Cr balance C. $6,000 Dr balance D. $34,000 Dr balance
At June 1, 2021, Coquehcot Industries had an accounts receivable balance of $12,000. During the month, the company performed credit services of $30,000 and collected accounts receivable of $22,000.What is the balance in accounts receivable at June 30, 2021?
At December 1, 2025, a company's Accounts Receivable balance was $20500. During December, the company had credit sales of $54900 and collected accounts receivable of $43920. At December 31, 2025, the Accounts Receivable balance is
The following information relates to Charleston Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 840,000 Credit sales for 2021 3,300,000 Accounts receivable written off during 2021 70,000 Collections from customers during 2021 3,100,000 Allowance for uncollectible accounts balance, 12/31/2021 210,000 What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?

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 $62,500. During July, $325,000 was collected from customers on account. Assuming the July 31 balance was $78,200, determine the fees billed to customers on account during July.