During the Month,services Performed for Customers on Account Amounted to $4,500

question 142

Essay

During the month,services performed for customers on account amounted to $4,500 and collections from customers in payment of their accounts totaled $3,000.At the end of the month,the Accounts Receivable account had a balance of $3,500.What was the Accounts Receivable balance at the beginning of the month? (Show your work using a T account. )

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Definitions:

President-elect Lincoln

Refers to Abraham Lincoln after winning the United States presidential election, before being officially inaugurated as President.

Compromise

Compromise involves making mutual concessions or reaching an agreement where conflicting parties find a middle ground.

1860 Convention

Refers to the Democratic National Convention of 1860, which was pivotal in the lead-up to the American Civil War, highlighting deep divisions over slavery.