On April 30, Holden Company Had an Accounts Receivable Balance

question 177

Multiple Choice

On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the amount of credit sales during May?

• A) $5,000.
• B) $47,000.
• C) $52,000.
• D) $57,000.
• E) $32,000.

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