On March 1, the accounts receivable account balance for NovaTech Inc. was $32,000. During March, $140,000 was collected from customers on account. Assuming the March 31 balance was $34,000, determine the fees billed to customers on account during March.

On March 1, the accounts receivable account balance for NovaTech Inc. was $32,000. During March, $140,000 was collected from customers on account. Assuming the March 31 balance was $34,000, determine the fees billed to customers on account during March.

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....

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On March 1, the accounts receivable... Please answer the general accounting question

On March 1, the accounts receivable account balance for
NovaTech Inc. was $32,000. During March, $140,000 was
collected from customers on account. Assuming the March 31
balance was $34,000, determine the fees billed to customers on
account during March.

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