The company had a beginning account receivable balance of $10,000. The company provided $80,000 of services on account and customers paid $70.000 of their accounts. What is the Accounts receivable ending balance?

The company had a beginning account receivable balance of $10,000. The company provided $80,000 of services on account and customers paid $70.000 of their accounts. What is the Accounts receivable ending balance?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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The company had a beginning account receivable balance of $10,000. The company provided $80,000 of services on account and
customers paid $70.000 of their accounts. What is the Accounts receivable ending balance?
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