A business had accounts receivable of $15,000 at the beginning of April. During the month, it received $9,500 from its debtors. At the end of April, the total accounts receivable balance was $18,000. What were the credit sales for the month? A. $10,500 B. $12,500 C. $14,500 D. $15,500

A business had accounts receivable of $15,000 at the beginning of April. During the month, it received $9,500 from its debtors. At the end of April, the total accounts receivable balance was $18,000. What were the credit sales for the month? A. $10,500 B. $12,500 C. $14,500 D. $15,500

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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Question

General accounting

A business had accounts receivable of $15,000 at the
beginning of April. During the month, it received
$9,500 from its debtors. At the end of April, the total
accounts receivable balance was $18,000. What were
the credit sales for the month?
A. $10,500
B. $12,500
C. $14,500
D. $15,500

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