Java King Espresso Machine Company Makes Many of Its Sales

question 19

Essay

Java King Espresso Machine Company makes many of its sales on account. For 2013, its beginning balance in Accounts Receivable was $95,000. Sales on account for the year were $452,000, and the amount of cash collected from its accounts receivable was $414,950. During the year, uncollectible accounts of $5,050 were written off. What was the ending balance in Accounts Receivable?

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Definitions:

Buddhist Meditation

A form of mental training and discipline in the Buddhist tradition aimed at enhancing mindfulness, concentration, and insight into the nature of existence.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including homes, artwork, tools, and religious artifacts.

Manufactured

Produced or made from raw materials through the use of industrial processes.

Songs

Musical compositions that typically consist of lyrics and melodies intended to be sung.