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?

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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