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  • Sep 5, 2009, 06:25 AM
    cflima
    Credit sales
    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?
  • Sep 5, 2009, 05:48 PM
    morgaine300

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
  • Jul 3, 2013, 11:41 AM
    gloverbulldogs
    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?
  • Jul 3, 2013, 12:17 PM
    pready
    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.

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