The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month.The ending balance was $12,000.How much did the company receive from customers during the month?

Question

Quizplus · Accepted Answer

The company started with $10,000 and added $50,000 in services, totaling $60,000. With an ending balance of $12,000, the company must have received $48,000 from customers ($60,000 - $12,000 = $48,000).

The Accounts Receivable Account Has a Beginning Balance of $10,000