How much the accounts receivable balance is debit or credit

Assignment Help Financial Accounting
Reference no: EM132489454

Question 1: At December 1, 2022, Sara Corp. Accounts Receivable balance was $16130. During December, Sara had credit sales of $43200 and collected accounts receivable of $34560. At December 31, 2022, the Accounts Receivable balance is how much debit/ credit?

Reference no: EM132489454

Questions Cloud

What will be the total credits on the company : Assuming that all of the accounts have normal balances, what will be the total credits on the company's trial balance at June 30, 2022?
Difference between a monopoly marginal revenue curve : What is the difference between a monopoly's marginal revenue curve and a perfect competitor's marginal revenue curve
Prohibit monopolization and encourage competition : Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents (some benefits and costs)?
Technological advances and economic development : What roles do innovation and entrepreneurship play in technological advances and economic development?
How much the accounts receivable balance is debit or credit : At December 31, 2022, the Accounts Receivable balance is how much debit/ credit? At December 1, 2022, Sara Corp. Accounts Receivable balance was $16130.
Predict about the future economic growth : What does the new growth theory predict about the future economic growth? Why?
Price elasticity of demand for coffee : If John's arc price elasticity of demand for coffee is 1.75, and he buys 30 coffees per month when the price per coffee is $4,
What amount did viva inc trial balance show as total credit : What amount did Viva Inc's trial balance show as its total credits? Viva Inc's trial balance showed the balances below at the end of its first year
Monopoly marginal revenue curve : What is the difference between a monopoly's marginal revenue curve and a perfect competitor's marginal revenue curve

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd