Accounting question- help
06-18-2005, 09:27 PM
#1
chris is the devil
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Accounting question- help
If anyone could help me with the following question.. i'd appreciate it
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On July 1st, the accounts receivable balance was $15,500. During July, $61,000 was collected from customers on account. Assuming the July 31 balance was $17,500, determine the fees billed to customers on account during July.
______
I have tried it a few ways.. and i cannot get it to accept the answer.
thanks
Sean
_____
On July 1st, the accounts receivable balance was $15,500. During July, $61,000 was collected from customers on account. Assuming the July 31 balance was $17,500, determine the fees billed to customers on account during July.
______
I have tried it a few ways.. and i cannot get it to accept the answer.
thanks
Sean
06-18-2005, 09:40 PM
#4
chris is the devil
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yes.. i figured it out as i was typing the question.. subract the two, begining and ending values and add that to $$ collected.. $63k
thanks guys
Sean
thanks guys
Sean