Accounts Receivable

gdelamotte · #1 Sep 5, 2007, 05:08 PM

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 · 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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