FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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.
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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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