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
I have 27 questions that need to be answered but i can only copy and paste one is there a way that you might know the answers to the others question its a quiz.
Answers (1)
What is inflation risk?
Answers (2)
Now consider a scenario in which a watershed is treated with a chemical that kills only decomposers. decomposers are eliminated from the treated watershed for three years.
Answers (1)
During the first year of operations, a company sold $109,000 of goods to customers and received $94,500 in cash from customers. The remainder is owed to the company at the end of the year.
Answers (1)
Carlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the company estimates 2 percent of credit sales to be uncollectible.
Answers (1)
New Questions in Business
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)
Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan
Answers (1)
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)
CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations
Answers (1)