On October 1, 2020, Jewell Inc.'s Accounts Receivable balance was $22,600. During October, Jewell had credit sales of $47,300 and collected receivables worth $38,900. What is the Accounts Receivable balance on October 31, 2020?

On October 1, 2020, Jewell Inc.'s Accounts Receivable balance was $22,600. During October, Jewell had credit sales of $47,300 and collected receivables worth $38,900. What is the Accounts Receivable balance on October 31, 2020?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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Can you help me solve this general accounting question using valid accounting techniques?

On October 1, 2020, Jewell Inc.'s Accounts Receivable balance was
$22,600. During October, Jewell had credit sales of $47,300 and collected
receivables worth $38,900. What is the Accounts Receivable balance on
October 31, 2020?

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