On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. During October, the company collected $105,390 from its credit customers. The October 31 balance in Accounts Receivable was $94,000. Determine the amount of sales on account that occurred in October.

On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. During October, the company collected $105,390 from its credit customers. The October 31 balance in Accounts Receivable was $94,000. Determine the amount of sales on account that occurred in October.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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Question

On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. Please provide answer this general accounting question?

On September 30, Valerian Co. had a $105,000
balance in Accounts Receivable. During October, the
company collected $105,390 from its credit
customers. The October 31 balance in Accounts
Receivable was $94,000.
Determine the amount of sales on account that
occurred in October.

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