General Accounting Wilson Electronics had an Accounts Receivable balance of $24,500 onMarch 1. During March, customers made payments totaling $67,800. TheMarch 31 Accounts Receivable balance was $21,300. What was theamount of credit sales during March?a. $67,800b. $64,600c. $70,100d. $18,400

Step 1: Define Credit SalesCredit sales refer to transactions where a company sells goods or…

Answered: Wilson Electronics had an Accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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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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Wilson Electronics had an Accounts Receivable balance of $24,500 on March 1. During March, customers made payments totaling $67,800. The March 31 Accounts Receivable balance was $21,300. What was the amount of credit sales during March? a. $67,800 b. $64,600 c. $70,100 d. $18,400