On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the number of credit sales during May? a. $5,000. b. $47,000. c. $52,000. d. $57,000. e. $32,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On April 30, Holden Company had an Accounts Receivable balance of $18,000.
During the month of May, total credits to Accounts Receivable were $52,000
from customer payments. The May 31 Accounts Receivable balance was
$13,000.
What was the number of credit sales during May?
a. $5,000.
b. $47,000.
c. $52,000.
d. $57,000.
e. $32,000.
Transcribed Image Text:On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the number of credit sales during May? a. $5,000. b. $47,000. c. $52,000. d. $57,000. e. $32,000.
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