Xyz company ended year 1 with accounts receivable of $100,000. on february 1, year 2 xyz provided services on account for $40,000. on may 1, year 2 xyz provided services for $20,000 cash. on november 1, year 2 xyz provided services on account for $70,000. what is the ending balance in accounts receivable as of december 31, year 2?

Account at December 31th, Year 2: 210,000

Explanation:

We work this using the following reasoning

beginning accounts receivable

+ sales on accounts

Total amount to collect

- collection through the period

ending accounts receivable

year 2

beginning accounts receivable 100,000

+ February 1st sale on account   40,000

+ November 1st sale on account 70,000

total amount to collect               210,000

As we are not given with any data for collection we assume is zero.

Therefore ending AR balance:

210,000 - 0 = 210,000

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answer; dogs;