On March 31, Westfield Corporation had Accounts Receivable of $175,460. During the month of April, the company received total payments of $195,000 from credit customers. The Accounts Receivable on April 30 was $142,890. What was the amount of credit sales during April? a. $227,570 b. $162,430 c. $112,890 d. $80,570

On March 31, Westfield Corporation had Accounts Receivable of $175,460. During the month of April, the company received total payments of $195,000 from credit customers. The Accounts Receivable on April 30 was $142,890. What was the amount of credit sales during April? a. $227,570 b. $162,430 c. $112,890 d. $80,570

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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