On April 30, Victor Services had an Accounts Receivable balance of $27,900. During the month of May, total credits to Accounts Receivable were $62,800 from customer payments. The May 31 Accounts Receivable balance was $22,000. What was the amount of credit sales during May? A. $56,900.
B. $62,800.
C. $39,200.
D. $5,900.
E. $68,700.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On April 30, Victor Services had an Accounts Receivable balance of $27,900. During the month of May, total credits to Accounts Receivable ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tee Time Golf Resort has the opportunity to buy 1,000 acres of property adjacent to its award-winning 18-hole golf course.
Answers (1)
Which best explains the difference between fiat money and commodity money?
Answers (1)
Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. In 2018, when the balance owing on the loan was $18,000, Tom defaulted on the note.
Answers (1)
The Mega Construction Company recently switched to activity-based costing (ABC) from the department allocation method. The department method allocated overhead costs at a rate of $60 per machine hour.
Answers (1)
Lino is a linebacker on his college football team. he is concerned about achieving adequate hydration during intense, hot summer football practices.
Answers (1)
New Questions in Business
Movie studios use market research to reduce their risk of losses by hiring firms such as the National Research Group to conduct test screenings and tracking studies.
Answers (1)
The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups.
Answers (1)
In the united states today, what gives money its value?
Answers (2)
An employer has the right to monitor workers electronic communications if
Answers (1)
What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax
Answers (2)