At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:

A. $19,610 credit

B. $1 debit

C. $46,970 debit

D. $19,610 debit

Question

Lilliana Hoffman

Business

11 October, 18:38

At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:

A. $19,610 credit

B. $1 debit

C. $46,970 debit

D. $19,610 debit

+2

Answers (1)

Know the Answer?

Steven Frank · Answer 1

D. $19,610 debit

Explanation:

closing receivable = opening receivable + credit sale-amount collected

Closing receivable=12770+34200-27360

Closing recievable=19610 debit balance

At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:A. $19,610 creditB. $1 debitC. $46,970 debitD. $19,610 debit

At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:

A. $19,610 credit

B. $1 debit

C. $46,970 debit

D. $19,610 debit