Question

Accounts receivable had a balance of $21,600 at the beginning of the month and $19,900 at the end of the month. cash collected from customers totaled $76,500 during the month. calculate credit sales during the month, assuming that all sales were made on account.

Answer 1

Hi there

First find the balance of accounts receivable
Beginning balance-ending balance
21,600−19,900=1,700

credit sales during the month
1,700+76,500=78,200

Hope it helps