Question

Accounts receivable had a debit balance of $4,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. Credit sales for the period totaled $22,000. Using this information, cash receipts for the period totaled:

Answer 1

Answer: $20000

Step-by-step explanation:

The cash receipt for the period based on the information that's given will be:

Opening balance of account receivable = $4000

Add: Credit sales = $22,000

Less : Closing balance of account receivable = $6,000

Cash receipt = $20000