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Vesna [10]
3 years ago
15

At December 1, 2022, Coronado Industries Accounts Receivable balance was $15790. During December, Coronado had credit sales of $

42300 and collected accounts receivable of $33840. At December 31, 2022, the Accounts Receivable balance is _________.
Business
1 answer:
mylen [45]3 years ago
6 0

Answer:

$24,250.00

Explanation:

<em>Account  receivable balance represent the value of credit sales that remain unpaid as at the end of a particular accounting period.</em>

It is ascertained as follows:

<em>Receivable balance = Opening balance + Credit Sales - collected accounts receivable</em>

Receivable balance = 15,790 + 42,300 - 33, 840

                                   =  $24,250.00

Accounts Receivable balance is $24,250.00

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