Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2019, chihuahua corporation had total credi

During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of...

60.1K

Verified Solution

Question

Accounting

During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of $45,000, wrote off $3,600 of uncollectible accounts, and recovered $4,000 of previously written off accounts. If the accounts receivable balance on January 1, 2019 is $26,300, what is the balance in the account on December 31, 2019?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

onApril 6, Almerinda Company purchased on account 60,500 units of rawmaterials at $13.00 per...onApril...

Accounting
Q

Describe as completely as you can the complete feedback system for the control of Oogenesis. Include in...

Biology
Q

Ms. Brown is a teacher in a first-grade classroom. The students are not wanting to listen...

Psychology
Q

Do larger universities tend to have more property crime? University crime statistics are affected by a...

Basic Math
Q

Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...

Accounting
Q

Energy transferred as heat always moves from an object at higher temperature to an object...

Physics
Q

Write the equation in its equivalent logarithmic form 6 x O A log 63 x...

Algebra
Q

Which expression below is equivalent to 3 2x 4 3 x 5 3x 27 03x...

Algebra
Q

Please complete the excel spreadsheet under this week's stock modules. You will have $50,000. Please...

Accounting
Q

Sonja is considering the purchase and renovation of an old building. She has heard about...

Accounting
Q

Qn 4.01 Aunty May. Aunty May has taken a loan from the bank to start...

Finance
Q

Return to question Lavage Rapide is a Canadian company that owns and operates a large...

Accounting