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Home > Business & Careers > Accounting   »   Accounts Receivable

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Old Sep 5, 2007, 05:08 PM
gdelamotte
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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?

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Old Sep 12, 2007, 02:24 PM   #2  
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There was $47,000 of credit sales during May.

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