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27-03-2020
Business

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At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:

A. $19,610 credit
B. $1 debit
C. $46,970 debit
D. $19,610 debit

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27-03-2020

Answer:

D. $19,610 debit

Explanation:

closing receivable =opening receivable +credit sale-amount collected

Closing receivable=12770+34200-27360

Closing recievable=19610 debit balance

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