Fever Corporation has the following account balances. Cash $7,071 Common Stock $1,200 Accounts Receivable $2,352 Rent...
Fever Corporation has the following account balances.
| Cash | $7,071 | Common Stock | $1,200 |
| Accounts Receivable | $2,352 | Rent Expense | $1,200 |
| Accounts Payable | $2,200 | Dividends | $1,145 |
| Supplies | $1,800 | Retained Earnings | $2,744 |
| Revenue | $11,100 | Salary Expense | $1,176 |
| Supplies Expense | $2,500 |
How much is owed to this company by its
customers?
a. $2,744
b. $2,352
c. $1,145
d. $2,200
e. $9,023
Homework Answers
Solution:
Amount owed to this company by its customers = amount due from accounts receivable
= $2,352
Hence option "b" is correct.
Add Answer to:
Fever Corporation has the following account
balances.
Cash
$7,071
Common Stock
$1,200
Accounts Receivable
$2,352
Rent...
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