Davidson Electronics had an Accounts Receivable balance of $35,000 on June 1. During June, customers made payments totaling $78,000. The June 30 Accounts Receivable balance was $29,000. What was the amount of credit sales during June?

Davidson Electronics had an Accounts Receivable balance of $35,000 on June 1. During June, customers made payments totaling $78,000. The June 30 Accounts Receivable balance was $29,000. What was the amount of credit sales during June?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...

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Not use ai solve this question general Accounting

Davidson Electronics had an Accounts Receivable balance of $35,000
on June 1. During June, customers made payments totaling $78,000.
The June 30 Accounts Receivable balance was $29,000. What was the
amount of credit sales during June?

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