Baker Company's Accounts Receivable account had a balance of $15,000 on September 1, 2019, and a balance of $21,400 on September 30, 2019. During September 2019, the company received cash of $39,400 from credit customers.
Determine the amount of sales on account that occurred in September 2019.
A) $45,800
B) $41,000
C) $52,800
D) $26,000

Question

Quizplus · Accepted Answer

Beginning A/R balance + Sales on account - Cash receipts = Ending A/R balance
$15,000 + X - $39,400 = $21,400
X = $21,400 - $15,000 + $39,400
X = $45,800

Baker Company's Accounts Receivable Account Had a Balance of $15,000