Homework Answers
| Accounts receivable | |||||
| To Opening Balance | $20,000 | By cash(Balancing figure) | $1,90,000 | ||
| To Sales | $2,00,000 | ||||
| By Closing balance | $30,000 | ||||
| Cash sales | $50,000 | ||||
| Amount collected from debtors | $1,90,000 | ||||
| Total Cash collected | $2,40,000 | ||||
| So Option B is answer | |||||
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Multiple Choice Question Sales on account are $200,000. Cash sales during the period are $50,000. Beginning...
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Can you please help me to solve those multiple questions. Thank you!! On November 10 of...
Can you please help me to solve those multiple questions. Thank
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Can you please help me to solve those multiple questions. Thank
you!!
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30, How would Flores record the sale on November 10? A. Accounts Receivable 7,840 Sales Revenue 7,840 Accounts Receivable 8,000 Sales Revenue 8,000 C. Accounts Receivable 7,840 Cash Discounts 160 Sales Revenue 8,000 Accounts Receivable 8,000 Cash Discounts 160 Sales Revenue 7,840 Multiple Choice Option A Option B...
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Please Solve for multiple choice in image. Explain.
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