Mel Rickter Is Reviewing the Total Accounts Receivable

question 141

Short Answer

Mel Rickter is reviewing the total accounts receivable. This month, he received $45,000 from credit customers. This represented 25% of all receivables due. What is the total amount of Mel Rickter's accounts receivable?

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Definitions:

Check Register

A record book used to track checks written, deposits made, and the current balance of a checking account.

Endorser

Signature on the back of the check of the payee.

Endorsement

An act of giving one's public approval or support to someone or something, often used in contexts of advertisements or political backing.

Deposit Slip

A document provided by a bank for a depositor to fill out, designed to accompany bank deposits, detailing the items being deposited.