4 Help Save Exit Submit On April 30 Victor Services had an A

4 Help Save& Exit Submit On April 30, Victor Services had an Accounts Receivable balance of $29,000. During the month of May, total credits to Accounts Receivable were $64,000 from customer payments. The May 31 Accounts Receivable balance was $23,000. What was the amount of credit sales during May? Multiple Choice 2 $58000 $70,000. $64,000 $40,000 $6.000. 31 be K Prev4 or 20 BNext

Solution

The Answer is \"A\"

A. $58000

Solution :-

Credit Sales = Ending Balance of Accounts Receivable + Payments from Customer - Beginning Balance of

Accounts Receivable

= $23000 + $64000 - $29000

= $58000