Solution-Find balance of accounts receivable in the general

Find balance of accounts receivable in the general ledger

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Reference no: EM132864850

Question - Consider the following for the business Rebel Dane: Sales for October are $24,000, for November $26,000 and December $28,000. Sales are 25% cash and 75% on credit. No GST. Credit sales are invoiced on the last day of each month. Debtors pay 60% in the month after invoice date and the remainder pay in the second month after invoice date. Based on this information, the balance of the Accounts Receivable in the general ledger as at 31 December?

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Find balance of accounts receivable in the general ledger

Reference no: EM132864850

Reference no: EM132864850

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