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3. (1 pt) T-accounts: Below is the T-account for Accounts Receivable (A/R) for Shes A Star, Ltd.: Accounts Receivable (A/R) Beginning balance ŠXX.XXX (transaction 1) $12,350 (transaction 3) $9,140 $7,800 (transaction 2) Ending balance $16,220 What is the missing value ŞXX,XXX for the beginning balance of A/R?

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Answer #1

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Calculation of Beginning balance of Accounts Receivables:

Particulars Amount(in $)
Ending balance $16,220
Less: Transaction 3 ($9,140)
Add: Transaction 2 $7,800
Less: Transaction 1 ($12,350)
Beginning balance $2530

The Beginning balance of Accounts receivables is $2530.

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