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 Accounts Receivable balance was $13,000 on May 31.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

Total credits to Accounts Receivable were $52,000 from customer payments. The Accounts Receivable balance was $13,000 on May 31. So the amount of credit sales during May is $52,000 - $13,000 = $47,000.

On April 30,Holden Company Had an Accounts Receivable Balance of $18,000.During