On November 30, Everest Solutions had a $120,000 balance in Accounts Receivable. During December, the company collected $130,500 from its credit customers. The December 31 balance in Accounts Receivable was $105,000. Determine the amount of sales on account that occurred in December.

On November 30, Everest Solutions had a $120,000 balance in Accounts Receivable. During December, the company collected $130,500 from its credit customers. The December 31 balance in Accounts Receivable was $105,000. Determine the amount of sales on account that occurred in December.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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General Accounting Question please answer do fast and step by step calculation

On November 30, Everest Solutions had a $120,000 balance in
Accounts Receivable. During December, the company collected
$130,500 from its credit customers. The December 31 balance in
Accounts Receivable was $105,000.
Determine the amount of sales on account that occurred in December.

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