On December 1, 2018, Pro Trade LLC had an Accounts Receivable balance of $12,400. During December: • Credit Sales = $32,100 • Cash Collections = $28,200 What is the Accounts Receivable balance on December 31, 2018?

On December 1, 2018, Pro Trade LLC had an Accounts Receivable balance of $12,400. During December: • Credit Sales = $32,100 • Cash Collections = $28,200 What is the Accounts Receivable balance on December 31, 2018?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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Question

I am looking for help with this general accounting question using proper accounting standards.

On December 1, 2018, Pro Trade LLC had an Accounts
Receivable balance of $12,400. During December:
•
Credit Sales = $32,100
•
Cash Collections = $28,200
What is the Accounts Receivable balance on December 31,
2018?

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