Calculate the ending balance of the account The Accounts Receivable account of RedmondEnterprises has the following postings:Accounts Receivable$25,000$5,000$7,000Calculate the ending balance of the account.a. $5,000 creditb. $32,000 debitc. $27,000 debitd. $20,000 debit

Explanation of Accounts Receivable:Accounts receivable represent the amount of money that customers…

Answered: The Accounts Receivable account of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

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Chapter7: Accounting Information Systems

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Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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Current Attempt in Progress At December 1, 2022, Tamarisk, Inc. Accounts Receivable balance was $17470. During December, Tamarisk had credit sales of $46800 and collected accounts receivable of $37440. At December 31, 2022, the Accounts Receivable balance is O $64270 debit O $17470 debit O $26830 credit O $26830 debit Save for Later Attempts: 0 of 1 used Submit Answer
Post the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company. Assume the following account balances at January 1, 20X1: Accounts Receivable (control account) Accounts Receivable-John Gibrone $8,880 5,600 Accounts Receivable-Jim Garcia 2,180 Accounts Receivable-June Lin 1,100 DATE 20X1 Jan. 8 Cash GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT 560 560 Accounts Receivable/John Gibrone Received partial payment on account from John Gibrone 20 Sales Returns and Allowances Sales Tax Payable Accounts Receivable/Jim Garcia Accept return of defective merchandise, Credit Memorandum 121; original sale made on Sales Slip 11102 of January 2, 20X1 300 24 324 Required: 1. Prepare a schedule of accounts receivable for Calderone Company at January 31, 20X1. 2. Should the total of your accounts receivable schedule agree with the balance of the Accounts Receivable account…
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The Accounts Receivable account of Redmond Enterprises has the following postings: Accounts Receivable $25,000 $5,000 $7,000 Calculate the ending balance of the account. a. $5,000 credit b. $32,000 debit c. $27,000 debit d. $20,000 debit