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

    Sep 5, 2009, 06:25 AM
    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?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 5, 2009, 05:48 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
    gloverbulldogs's Avatar
    gloverbulldogs Posts: 1, Reputation: 1
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    #3

    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    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.

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