SportsPro sells baseball equipment. The following transactions occurred in July: . ⚫ July 8: Shipped $7,800 worth of baseball uniforms to Rivera High School, terms 2/10, n/30 • July 15: Received an order from Thompson Academy for $3,500 worth of custom helmets to be produced in August ⚫ July 23: Rivera High School returned $650 of damaged merchandise ⚫ July 28: Received an order from Martinez Middle School for $1,200 worth of bats (shipped same day) No payments have been received as of July 31. What amount should be recognized as accounts receivable, net on the balance sheet as of July 31? a. $12,500 b. $8,350 c. $7,150 d. $9,000

SportsPro sells baseball equipment. The following transactions occurred in July: . ⚫ July 8: Shipped $7,800 worth of baseball uniforms to Rivera High School, terms 2/10, n/30 • July 15: Received an order from Thompson Academy for $3,500 worth of custom helmets to be produced in August ⚫ July 23: Rivera High School returned $650 of damaged merchandise ⚫ July 28: Received an order from Martinez Middle School for $1,200 worth of bats (shipped same day) No payments have been received as of July 31. What amount should be recognized as accounts receivable, net on the balance sheet as of July 31? a. $12,500 b. $8,350 c. $7,150 d. $9,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 18E: Lakeesha Barnett owns and operates a package mailing store in a college town. Her store, Send It...

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