Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 5.00

Tiny Company

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.
    1. Compute the balance that Accounts Receivable should show.
      $

 

  1. Determine the amount of any shortage or overage.
    $ - Select your answer -OverageShortageItem 3

Answers

(5)
Status NEW Posted 06 Aug 2017 07:08 PM My Price 5.00

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