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 total amount of cash Mesquite, Inc. is supposed to receive from the transactions mentioned in the problem is $6,000 ($3,500 + $1,500 + $1,000). Mesquite, Inc. has already received $4,500 ($3,000 + $1,500), so the amount of cash still to be received is $1,500. Therefore, option B is the correct answer.

Mesquite,Inc.engaged in the Following Transactions During October