He receives a commission of $6150 every week and in whole month he receives $ 24600 as commission and $ 4400 as draw
Answer:
Credit sales= $69,000
Explanation:
Accounts receivable is a transit account that is used to show revenue that is owed to the business by other parties such as vendors.
The portion of accounts receivable that is collected contributes to profits, while the portion that is not collectible results in loss to the business.
When customers pay the balance in the account reduces, while when credit sales are made the balance increases.
Final balance of account receivable= Opening balance+ credit sales- customer payments
33,000= 40,000+ credit sales- 76,000
Credit sales= 33,000+ 76,000- 40,000
Credit sales= $69,000