A business's accounts receivable on April 1 was $15,000. During the month of April, the business collected $9,500 from its customers, and the total accounts receivable on April 30 was $18,000. The credit sales for the month must therefore have been:

A business's accounts receivable on April 1 was $15,000. During the month of April, the business collected $9,500 from its customers, and the total accounts receivable on April 30 was $18,000. The credit sales for the month must therefore have been:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Please explain the solution to this general accounting problem using the correct accounting principles.

A business's accounts receivable on April 1 was $15,000. During the
month of April, the business collected $9,500 from its customers,
and the total accounts receivable on April 30 was $18,000. The credit
sales for the month must therefore have been:

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