On April 30, Victor Services 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?
A) $47,000.
B) $5,000.
C) $52,000.
D) $32,000.
E) $57,000.

Question

Quizplus · Accepted Answer

Beginning Accounts Receivable + Credit Sales - Customer Payments = Ending Accounts Receivable$18,000 + Credit Sales - $52,000 = $13,000Credit Sales = $57,000

On April 30, Victor Services Had an Accounts Receivable Balance