Mesquite,Inc.engaged in the following transactions during October:
-What is the amount of cash still to be received?
A)$2,300
B)$1,500
C)$1,900
D)$400

Question

Mesquite,Inc.engaged in the following transactions during October:  
-What is the amount of cash still to be received?
A)$2,300 
B)$1,500 
C)$1,900 
D)$400

Quizplus · Accepted Answer

The transactions that involve cash receipts are:

- Received cash of $1,500 for services rendered to customers.
- Collected $400 on account from a customer 
- Received $2,300 cash for services to be performed in the future.

The total cash received is $1,500 + $400 + $2,300 = $4,200
However, the question asks for the amount of cash still to be received, which is the remaining balance of the services to be performed in the future: $2,300. Therefore, the correct answer is B.