On July 31, Hamilton Enterprises had Accounts Receivable of $145,500. During the month of August, the company received total payments of $175,000 from credit customers. The Accounts Receivable on August 31 was $95,500. What was the amount of credit sales during August? A. $225,000 B. $125,000 C. $416,000 D. $65,000

On July 31, Hamilton Enterprises had Accounts Receivable of $145,500. During the month of August, the company received total payments of $175,000 from credit customers. The Accounts Receivable on August 31 was $95,500. What was the amount of credit sales during August? A. $225,000 B. $125,000 C. $416,000 D. $65,000

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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