Financial Accounting Question solve please i want urgent answer The beginning balance in accounts receivable is $44,000,the ending balance is $42,000, and sales during the periodare $129,000. What are cash receipts from customers?(a) $127,000.(b) $129,000.(c) $131,000.(d) $141,000.

Step 1: Define Cash Receipt:Cash receipt is the inflow of cash from the performance of the business…

Answered: The beginning balance in accounts…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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The balance in Accounts Receivable at the beginning of the period amounted to $2,880. During the period $9,440 of credit sales were made to customers balance in Accounts Receivable amounted to $1,880, and uncollectible accounts expense amounted to $800, then the amount of cash inflow from customers appear in the operating activities section of the cash flow statement would be Multiple Choice $9.640 $9,440 $12.120 Nore of these answers are correct b
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Skysong, Inc. had credit sales of $1312000. The beginning accounts receivable balance was $135000 and the ending accounts receivable balance was $230000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period? $1312000. $1447000. $1217000. $1487000.
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Kindly help me with general accounting question
The cash register tape for sunland industries reported sales of 28,032.00. Record the journal entry that would be necessary for each of the following situations. (a) sales per cash register tape exceeds cash on hand by $45.00. (b) Cash on hand exceeds cash reported by cash register tape by $27.50. Round answers to 2 decimal places, e.g. 52.75.
4.
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Calculate the following: (a) Determine the cash receipts for May based on the following data: Cash payments during May $44,360 Cash account balance, May 1 4,090 Cash account balance, May 30 8,740 $________ fill in the blank (b) Determine the cash received from customers on account during May based on the following data: Accounts receivable account balance, May 1 $13,680 Accounts receivable account balance, May 30 7,900 Fees billed to customers during May 28,260 $_______fill in the blank
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The beginning balance in accounts receivable is $44,000, the ending balance is $42,000, and sales during the period are $129,000. What are cash receipts from customers? (a) $127,000. (b) $129,000. (c) $131,000. (d) $141,000.