Kona Espresso Machine Company Makes Many of Its Sales on Account

question 116

Essay

Kona Espresso Machine Company makes many of its sales on account. For Year 2, its beginning balance in Accounts Receivable was $190,000. Sales on account for the year were $904,000, and the amount of cash collected from its accounts receivable was $829,900. During the year, uncollectible accounts of $10,100 were written off. What was the ending balance in Accounts Receivable?

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Definitions:

Overweight

A condition characterized by having more body weight than what is considered healthy for a certain height, often measured by body mass index (BMI).

Narcolepsy

A chronic sleep disorder marked by overwhelming daytime drowsiness and sudden attacks of sleep.

Enuresis

A medical condition characterized by involuntary urination, especially by children at night, also known as bedwetting.

Sleep Terror

A sleep disorder causing feelings of panic or dread typically occurring during the first hours of stage 3-4 non-REM sleep.