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A business had debtors (accounts receivable) totaling $18,000 on 1 July. During July, the business received $14,000 from its debtors. On 31 July, the debtor balance was $21,000. What were the credit sales for July?

A business had debtors (accounts receivable) totaling $18,000 on 1 July. During July, the business received $14,000 from its debtors. On 31 July, the debtor balance was $21,000. What were the credit sales for July?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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A business had debtors (accounts receivable) totaling $18,000 on 1 July. During July, the business received $14,000 from its debtors. On 31 July, the debtor balance was $21,000. What were the credit sales for July?
Transcribed Image Text:A business had debtors (accounts receivable) totaling $18,000 on 1 July. During July, the business received $14,000 from its debtors. On 31 July, the debtor balance was $21,000. What were the credit sales for July?
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