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Accounting Homework Help!?
All of X Company's sales are on account. In November, sales were $108,000. November collections were as follows:
Collections from:
September customers $10,800
October customers 42,800
November customers 83,100
If the balance in Accounts Receivable on November 1 was $53,600, what was the balance in Accounts Receivable on November 30?
2 Answers
- ProfLv 75 years agoFavorite Answer
Are you asking for help or are you asking for a solution to your homework? If you want help, you should show your work and you can get help. If you just want someone to do your work, that is not help, you would learn nothing and it would be a disservice to you. Using another person's solution is plagiarism and is unethical.
If you need help with the problem you should indicate what you need. For example, you might need help in getting started, or you do not understand the format of a calculation, or you get so far in a problem and do not know where to go from there. You should show your work so someone can help you by pointing out where you are wrong and by explaining areas where you show weaknesses. Presumably you studied this material and have some idea what to do. This is not a free homework solving service. You learn this by doing it. No one will help you when you get a similar problem in a test.
The answer is 24,900. Does that match your solution? If you need help with something so simple maybe you are beyond help. I suggest you use a T-account to solve the problem.
- 4 years ago
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