At December 1, Sunland Company's accounts receivable balance was $18,430. During December, Sunland had credit sales of $45,200 and collected accounts receivable of $36,560. At December 31, what is the accounts receivable balance?

At December 1, Sunland Company's accounts receivable balance was $18,430. During December, Sunland had credit sales of $45,200 and collected accounts receivable of $36,560. At December 31, what is the accounts receivable balance?

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

What is the accounts receivable balance?

At December 1, Sunland Company's accounts
receivable balance was $18,430. During
December, Sunland had credit sales of $45,200
and collected accounts receivable of $36,560.
At December 31, what is the accounts
receivable balance?

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