At December 1 2022 Orear Company's Accounts Receivable balance was $16800.During December Orear had credit sales of $45000 and collected accounts receivable of $36000.At December 31 2022 the Accounts Receivable balance is

Question

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Starting balance in Accounts Receivable = $16,800
Credit sales during December = $45,000
Total amount owed by customers = $16,800 + $45,000 = $61,800
Amount collected during December = $36,000
Ending balance in Accounts Receivable = $61,800 - $36,000 = $25,800
Therefore, the correct answer is B) $25,800.

At December 1 2022 Orear Company's Accounts Receivable Balance Was