Question

The balance in Accounts Receivable at the beginning of the accounting period was $13,800. During the period, services provided on account totaled $64,200. Collections on account totaled $69,300. The balance in Accounts Receivable at the end of the period was:_______

Answer 1

Answer:

$18,900

Explanation:

With regards to the above, Accounts receivables balance at the end of the period is computed as

= Accounts receivables at the beginning of the accounting period + Collections - Service provided during the period

= $13,800 + $69,300 - $64,200

= $18,900