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You are given the following information: Marked out of 1
You are given the following information: Marked out of 1.00 Receivables at 1 January 2020 $180,000 Flag question Cash received from customers during 2020 $228,000 Discount Allowed $4,200 Receivables at 31 December 2020 $137,800 What is the figure for sales on credit during 2020? . $94,000 $137,800 $190,000 $185,800 Question 19 Not yet 9. All of the following are
Expert Solution
| Credit Sales |
| Credit Sales = Accounts receivables as on December-31 + Cash received from customers + Discount allowed - Accounts receivables as on January-01 |
| Credit Sales = $137,800 + $4,200 + $228,000 - $180,000 |
| Credit Sales = $190,000 |
| Hence, the credit sales during 2020 will be $190,000 |
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