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cflima
Sep 5, 2009, 06:25 AM
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?

morgaine300
Sep 5, 2009, 05:48 PM
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gloverbulldogs
Jul 3, 2013, 11:41 AM
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?

pready
Jul 3, 2013, 12:17 PM
Your beginning balance is $18,000 and your ending balance is $13,000, which is $5,000 less than your starting balance. So simply subtract $5,000 from your receipts from customers of $52,000 to get your credit sales amount.