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At January 1, 2008, Kobe Enterprises reported accounts receivable totaling $3,500. During the month, the company had credit sales of $5,000 and collected cash on accounts of $6,000. At the end of January, the balance in accounts receivable is:

Respuesta :

Answer: = $2,500

Explanation:

Given that,

Beginning accounts receivable = $3,500

Credit sales = $5,000

Collected cash on accounts = $6,000

Ending balance in accounts receivable = Beginning accounts receivable + Credit sales - Cash collections

                                                                  = $3,500 + $5,000 - $6,000

                                                                  = $2,500

Answer:

Answer i 2500$

Explanation:

Hope this helped!

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