On November 1, 2023, Sterling Corp. had an Accounts Receivable balance of $22,500. During November, the company had credit sales of $58,000 and collected $45,600 from accounts receivable. What is the Accounts Receivable balance on November 30, 2023?

On November 1, 2023, Sterling Corp. had an Accounts Receivable balance of $22,500. During November, the company had credit sales of $58,000 and collected $45,600 from accounts receivable. What is the Accounts Receivable balance on November 30, 2023?

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

What is the accounts receivable balance on November 30 2023 of this general accounting question?

On November 1, 2023, Sterling Corp. had an Accounts Receivable
balance of $22,500. During November, the company had credit sales of
$58,000 and collected $45,600 from accounts receivable.
What is the Accounts Receivable balance on November 30, 2023?

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What is the accounts receivable balance?