What is the ending balance of accounts receivable

Assignment Help Accounting Basics
Reference no: EM132030066

Question - Lashkova Company had accounts receivable of $100,000on January 1, 2014. The only transactions that affected accounts receivable during 2014 were net credit sales of $1,000,000, cash collections of $920,000, and accounts written off of $30,000.

What is the ending balance of accounts receivable?

Reference no: EM132030066

Questions Cloud

Briefly summarize the primary health effects associated : Briefly summarize the primary health effects associated with overexposure to each type of metal fume, including both acute and chronic health effects.
Weight of water and jar : The weight of water and jar before immersion of the body was 700 gm. After immersion, the weight of water and jar will be?
What is the authors main argument : Students should demonstrate that they can distinguish the relevant points that form a logically coherent argument.
What are the social and economic aspects of the world like : ). What can you conclude about the world of the play by looking only at an image?What are the social and economic aspects of the world like?
What is the ending balance of accounts receivable : Lashkova Company had accounts receivable of $100,000on January 1, 2014. What is the ending balance of accounts receivable
How much charge will flow from the battery : A 2300 pF air-gap capacitor is connected to a 6.2 V battery. If a piece of mica is placed between the plates, how much charge will flow from the battery?
What is the couple marriage penalty or benefit : In 2014, Lisa and Fred, a married couple, have taxable income of $445,000. What is the couple's marriage penalty or benefit
What is the electric potential a distance : a) What is the electric potential a distance of 2.1? 10-15 m away from a proton?
Exceeding breakdown value : How small can the gap be if the air is not to become conducting by exceeding its breakdown value of E = 3 ? 106 V/m?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the necessary year-end adjusting entry

Prepare necessary year-end adjusting entry related to uncollectible accounts. It is estimated that a provision for bad debts is required for 1% of credit sales

  How many patient days does the hospital need to break even

Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; How many patient days does the hospital need to break even

  Computer roe for each company

Compute the 2013 ROE for each company. Express ROE as a percentage rounded to one decimal place. Which company appears to generate greater returns on stockholders equity in 2013? Compute the 2013 P/E ratio for each company (rounded to one decimal pla..

  Give an example showing how you think it

Using IT systems to input accounting data can reduce costs, time, and errors. Give an example showing how you think IT systems can lead to these reductions (cost, time, and errors). Student responses may vary

  How a trademark influences the consumers decision

Determine how a trademark influences the consumer's decision to purchase.In terms of generic prescription drugs

  A company estimates that ordering costs are 400 per order

a company estimates that ordering costs are 4.00 per order picking costs are 3.00 per unique item ordered packing costs

  As an auditor for the cpa firm of bunge and dodd

Lucille Corporation is a publicly held corporation whose common stock is traded on the securities markets. On June 1, it acquired land by issuing 20,000 shares of its $10 par value stock. At the time of the exchange, the land was advertised for sale ..

  What is the amount of service department cost allocated

What is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first

  What is the primary purpose of the statement of cash flows

"A company's net income appears directly on the income statement and the retained earnings statement, and it is included indirectly in the company's balance.

  Download the necessary forms

Download the necessary forms

  The company is planning to acquire a new machines at a

the company is planning to acquire a new machines at a total cost of 600000. the machines estimated useful life is 7

  Compute depreciation for each year and total depreciation

a machine costing 211200 with a four-year life and an estimated 18000 salvage value is installed in luther companys

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