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21 April, 07:58

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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  1. 21 April, 10:56
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    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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