At December 1, 2017, Tamarisk, Inc. Accounts Receivable balance was $17470. During December, Tamarisk had credit sales of $46800

Question

2 years ago

10

and collected accounts receivable of $37440. At December 31, 2017, the Accounts Receivable balance is

1 answer:

tatiyna · Answer 1 · 2022-07-06T23:23:03+03:00

Answer:

$26,830

Explanation:

Given that

Accounts Receivable balance = $17,470

Credit sales = $46,800

Collected accounts receivable = $37,440

The computation of Accounts Receivable balance is given below:-

= Accounts Receivable balance + Credit sales - Collected accounts receivable

= $17,470 + $46,800 - $37,440

= $64,270 - $37,440

= $26,830