Answered

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1. On April 30, Gomez Services 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

Sagot :

Answer:

the amount of credit sales is $47,000

Explanation:

The computation of the amount of credit sales is shown below;

= Ending balance of account receivable + cash receipts - opening balance of account receivable

= $13,000 + $52,000 - $18,000

= $47,000

Hence, the amount of credit sales is $47,000

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