On March 31, Phoenix Corporation had Accounts Receivable of $175,450. During April, the company received total payments of $225,000 from credit customers. The Accounts Receivable on April 30 was $142,650. What was the amount of credit sales during April? a. $192,200 b. $257,800 c. $92.650 d. $82,550

On March 31, Phoenix Corporation had Accounts Receivable of $175,450. During April, the company received total payments of $225,000 from credit customers. The Accounts Receivable on April 30 was $142,650. What was the amount of credit sales during April? a. $192,200 b. $257,800 c. $92.650 d. $82,550

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 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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