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At December 1, 2022, Coronado Industries Accounts Receivable balance was $15790. During December, Coronado had credit sales of $42300 and collected accounts receivable of $33840. At December 31, 2022, the Accounts Receivable balance is _________.

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Kolawole845

Answer:

$24,250.00

Explanation:

Account  receivable balance represent the value of credit sales that remain unpaid as at the end of a particular accounting period.

It is ascertained as follows:

Receivable balance = Opening balance + Credit Sales - collected accounts receivable

Receivable balance = 15,790 + 42,300 - 33, 840

                                   =  $24,250.00

Accounts Receivable balance is $24,250.00

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