Multiple Choice Question 57 Crane sells softball ror T nley High Sch o for 1540

Question

Multiple Choice Question 57 Crane sells softball ror T nley High Sch o for 1540 worth o?ustom printed bats to be produced in December. On November 30 P los Hiddle School returned $280 of defective merchandise. Crane ha received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 307 On November 14, they shipped $3040 worth of softball uniforms to Palos Middle School, terms 2/10, n/30. On November 21, they received an order $4300 $4580 O $2760 $3040

Explanation / Answer

answer

$2760

net account receivable = 3040 - 280

= 2760

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