On August 5, 2021, Carla Vista Furniture shipped 30 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $420 each. The cost of shipping the dining sets amounted to $4300 and was paid for by Carla Vista Furniture. On December 30, 2021, the consignee reported the sale of 20 dining sets at $920 each. The consignee remitted payment for the amount due after deducting a 7% commission, advertising expense of $670, and installation and setup costs of $850. The amount cash received by Carla Vista furniture is

Holloway company earned $18,000 of service revenue on account during 2018. the company collected $14,000 cash from accounts receivable during 2018. required based on this information alone, determine the following for holloway company. (hint: record the events in general ledger accounts under an accounting equation before satisfying the requirements.) the balance of the accounts receivable that would be reported on the december 31, 2018, balance sheet. the amount of net income that would be reported on the 2018 income statement. the amount of net cash flow from operating activities that would be reported on the 2018 statement of cash flows. the amount of retained earnings that would be reported on the 2018 balance sheet.