Hesson Properties,Inc. The following transactions occurred during June:

-Refer to Hesson Properties.How much is still owed to the company by its customers at the end of the month?

Question

Hesson Properties,Inc. The following transactions occurred during June:

-Refer to Hesson Properties.How much is still owed to the company by its customers at the end of the month?

Quizplus · Accepted Answer

According to the transactions given, the total amount of accounts receivable at the beginning of the month was $2,000. The company received $1,000 from customers during the month and wrote off $500 in bad debts. Therefore, the total amount still owed to the company by its customers at the end of the month is $1,000 ($2,000 - $1,000 + $0 - $500 = $1,000).

Hesson Properties,Inc. the Following Transactions Occurred During June