contestada

On January 31, Westcott Services had an Accounts Receivable balance of $12,000. During the month of February, total credits to Accounts Receivable were $32,000 of customer payments. The February 28 Accounts Receivable balance was $22,000. What was the amount of credit sales during February?

Respuesta :

ijaz4308

Answer:

$42,000

Explanation:

The amount of credit sales made by the Westcott Services during the month of the February shall be determined through following mentioned equation.

Credit sales=Closing balance of February+amount received from customers during February-Opening balance of February

In the given question

Closing balance of February=$22,000

Amount received from customers during February=$32,000

Opening balance of February=$12,000

Credit sales=$22,000+$32,000-$12,000

                   =$42,000