What is the total dollar amount recorded as accounts receivable when Venden Company sells cameras to Amaya Inc.?

Prepare for ASU's ACC232 Financial Accounting I Exam 2. Access comprehensive study materials, quizzes, and detailed solutions to boost your confidence and readiness for exam day.

To determine the total dollar amount recorded as accounts receivable when Venden Company sells cameras to Amaya Inc., it's essential to consider what accounts receivable represent in accounting. Accounts receivable is the amount owed to a business by its customers for goods or services delivered but not yet paid for.

In this scenario, if the total sales amount for the cameras sold to Amaya Inc. is 10,000, this is the sum that would be recorded as accounts receivable. This indicates that Venden Company has provided the cameras and expects to receive payment in the future. The total recorded is the full amount agreed upon for these sales instead of any partial payments or discounts, unless otherwise stated in the details of the transaction.

The other amounts listed do not correctly reflect the total sales transaction for accounts receivable, either being too low or not relevant to this specific sale, reinforcing that the accurate total to record is indeed 10,000.

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