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Chrome File Edit View History Bookmarks People Window Help Secure https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld ACCT 2401-001 MALLARD SPR 18 51% D Sat 5:42 PM Do Homework - McKenzie Peacock 479256911&questionld; 2&flushe-false;&cld-4862422;&centerwin; yes McKenzie Peacock 3/24/18 5:42 Homework: Continuing Problem - Extra Test Points Score: 0 of 15 pts Cont Problem (similar to) 43 of 3 (2 complete) Score: 46.52%, 46.52 of 100 Question Help Fast Fix, Inc. sells gym equipment. Assume that Fast Fix, Inc. services on account. Colections on account during the uses the allowance method. On June 30, the balance in Read the recuirements sold 12 treadmills in July on account for addition to the month of July totaled $7,620. Ai July 31, Fast Fix, Inc, estimates that 4 percent of the outstanding Accounts receivable is $100 and the balance in Allowance for doubtful J $4,500 each. In addision to the treadmills, Fast Fix a'so sold $13,500 of other ftness equipment and repair Accounts receivabie balance wil not be collected. Fast Fax Requirement 1. Calculate the ending balance in Accounts recelvable at July 31 Use the Accounts receivable T-account below to calculate the ending balance in Accounts receivable at July 31. (Select the e appropriate descriptions as postsing references for all balances and transaction postings ) Choose from any list or enter any number in the input fields and then click Check Answer Clear Al Check Answer 2 Penaining

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Ending Accounts Recievable balance as on July31 Beginning balance of Accounts recievable 100 Add: Sales on account during the month 18000 Less: Collections during the month 7620 Ending Accounts receivable balance as on July31 10480

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