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    gdelamotte's Avatar
    gdelamotte Posts: 2, Reputation: 1
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    #1

    Sep 5, 2007, 05:08 PM
    Accounts Receivable
    On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the amount of credit sales during May?
    kristella's Avatar
    kristella Posts: 4, Reputation: 1
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    #2

    Sep 12, 2007, 02:24 PM
    There was $47,000 of credit sales during May.

    $52,000-18,000+13,000=$47,000
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