Question

g At December 1, 2022, Orear Company's Accounts Receivable balance was $16,800. During December, Orear had credit sales of $45,000 and collected accounts receivable of $36,000. At December 31, 2022, the Accounts Receivable balance is

Answer 1

"$25,800" is the appropriate answer.

Step-by-step explanation:

Given:

Credit sales,

= $45,000

Beginning balance,

= $16,800

Collections,

= $36,000

now,

The accounts receivable balance will be:

=
`Beginning \ balance+Credit \ sales-Collections`

On putting the values, we get

=
`16,800+45,000-36,000`

=
`61,800-36,000`

=
`25,800` ($)