On November 30, a company had an Accounts Receivable balance of $5,100. During the month of December, total credits to Accounts Receivable were $76,000 from customer payments. The December 31 Accounts Receivable balance was $43,000. What was the amount of credit sales during December?
$8,100 | |
$27,900 | |
$70,900 | |
$76,000 | |
→ | $113,900 |
Normal balance = debit
$5,100 - $76,000 + credit sales = $43,000
Credit sales = $113,900
$5,100 - $76,000 + credit sales = $43,000
Credit sales = $113,900