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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Computing the Accounts Receivable Balance
The following information from Tiny Company's first year of operations is to be used in testing the accuracy of Accounts Receivable. The December 31, 20Y1, balance is $28,300.
| (a) | Collections from customers, $48,000 |
| (b) | Merchandise purchased, $74,000 |
| (c) | Ending merchandise inventory, $31,500 |
| (d) | Goods sell at 60% above cost. |
| (e) | All sales are on account. |
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