Question

At december 1, 2017, nash's trading post, llc accounts receivable balance was $12430. during december, nash's,llc had credit sales of $33300 and collected accounts receivable of $26640. at december 31, 2017, the accounts receivable balance is

Answer 1

In this case you would take the previous balance for AR, add any new receivables and subtract any receivables collected.

12,430+33,300 - 26640 = AR balance