At June 1, 2018, Coquehcot Industries Had an Accounts Receivable

question 168

Essay

At June 1, 2018, Coquehcot Industries had an accounts receivable balance of $12,000. During the month, the company performed credit services of $30,000 and collected accounts receivable of $22,000. What is the balance in accounts receivable at June 30, 2018?

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Definitions:

Timer Off-delay

A timing function in control systems that keeps the output active for a predetermined time after the input signal has been turned off.

Output Coil

In programmable logic controllers (PLCs), an output coil represents a device or actuator to be controlled by the PLC's program.

TON Instruction

A timer instruction used in programming that starts timing when the input condition becomes true and continues until the set time has elapsed.