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At June 1, 2021, Coquehcot Industries Had an Accounts Receivable

question 81

Essay

At June 1, 2021, Coquehcot Industries had an accounts receivable balance of $12,000.During the month, the company performed services on account of $30,000 and collected accounts receivable of $22,000.What is the balance in accounts receivable at June 30, 2021?


Definitions:

Wage Differences

Variations in pay for jobs that are based on factors like location, skill level, experience, and industry demand.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Surplus Of Labor

A situation where the supply of workers exceeds the demand for labor, often leading to unemployment or underemployment.

Minimum Wage

The lowest legally permissible wage that employers can pay their workers, established by government laws.

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