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?
A) $5,000.
B) $47,000.
C) $52,000.
D) $57,000.
E) $32,000.

Question

Quizplus · Accepted Answer

Credit sales = Beginning Accounts Receivable + Credit sales - Ending Accounts Receivable= $18,000 + $52,000 - $13,000= $47,000

On April 30, Holden Company Had an Accounts Receivable Balance