$$\begin{array} { l r r r r }
& \text { Jan. } & \text { Feb. } & \text { March } & \text { April } \
\text { If credit sales are } & \$ 5,000 & \$ 6,000 & \$ 5,500 & \$ 6,200 \
\text { and cash collected from } & & & & \
\text { credit sales is: } & \$ 4,800 & \$ 5,000 & \$ 6,000 & \$ 5,500
\end{array}$$
When do debtors pay their accounts?

Question

$$\begin{array} { l r r r r } 
& \text { Jan. } & \text { Feb. } & \text { March } & \text { April } \
\text { If credit sales are } & \$ 5,000 & \$ 6,000 & \$ 5,500 & \$ 6,200 \
\text { and cash collected from } & & & & \
\text { credit sales is: } & \$ 4,800 & \$ 5,000 & \$ 6,000 & \$ 5,500
\end{array}$$
When do debtors pay their accounts?

Quizplus · Accepted Answer

The cash collected each month corresponds to the credit sales of the previous month, indicating that debtors pay their accounts one month after the sale.

When Do Debtors Pay Their Accounts? A) One Month After

When Do Debtors Pay Their Accounts?
A) One Month After