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20 February, 12:46

On April 30, Gomez Services had an Accounts Receivable balance of $33,400. During the month of May, total credits to Accounts Receivable were $68,800 from customer payments. The May 31 Accounts Receivable balance was $27,000. What was the amount of credit sales during May?

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  1. 20 February, 12:49
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    The amount of credit sales during may is $62,400.

    Explanation:

    credit sales = accounts receivable balance on 31 may + total credits to accounts receivable - accounts receivable balance on 30 april

    = $27,000 + $68,800 - $33,400

    = $62,400

    Therefore, the amount of credit sales during may is $62,400.
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