General Lighting

During the first quarter of the current year, the company sold 4,000 batteries on credit for $150 each plus state sales tax of 6%.
-Refer to General Lighting. What is the amount of the accounts receivable as a result of this transaction?

Question

General Lighting
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During the first quarter of the current year, the company sold 4,000 batteries on credit for $150 each plus state sales tax of 6%.
-Refer to General Lighting. What is the amount of the accounts receivable as a result of this transaction?

Quizplus · Accepted Answer

The total cost per battery including sales tax is $150 + ($150 * 0.06) = $159. The total accounts receivable for 4,000 batteries is 4,000 * $159 = $636,000.

General Lighting ​

General Lighting