If at June 1, 2022, Sheffield Corp. had an Accounts Receivable balance of $ 18,900. During the month, the company had credit sales of $
24,500 and collected Accounts Receivable of $ 28,500. The balance in Accounts Receivable at June 30, 2022 will be: $14,900
Using this formula
2022 Balance in Accounts Receivable=Accounts Receivable balance as on June 1, 2022+ Credit sales -Collected Accounts Receivable
Let plug in the formula
2022 Balance in Accounts Receivable=$18,900+$24,500-$28,500
2022 Balance in Accounts Receivable=$14,900
Inconclusion if at June 1, 2022, Sheffield Corp. had an Accounts Receivable balance of $ 18,900. During the month, the company had credit sales of $
24,500 and collected Accounts Receivable of $ 28,500. The balance in Accounts Receivable at June 30, 2022 will be: $14,900
Learn more here:
brainly.com/question/24297448
