Answered: On November 30, 2020, Hawk stone Co.…

On November 30, 2020, Hawk stone Co. had Accounts Receivable of $21,900. In December: Credit Sales = $47,500 Collections = $44,300 What is the Accounts Receivable balance as of December 31, 2020?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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Question

I am trying to find the accurate solution to this general accounting problem with the correct explanation.

On November 30, 2020, Hawk stone Co. had Accounts Receivable
of $21,900. In December:
Credit Sales = $47,500
Collections = $44,300
What is the Accounts Receivable balance as of December 31, 2020?

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