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?
A)$5,000.
B)$47,000.
C)$52,000.
D)$57,000.
E)$32,000.

Question

Quizplus · Accepted Answer

Credit sales = Beginning Accounts Receivable + Credit to Accounts Receivable - Ending Accounts Receivable= $18,000 + $52,000 - $13,000= $47,000

On April 30,Gomez Services Had an Accounts Receivable Balance of $18,000.During