Credit sales for March is Rs. 75,000 and for April Rs. 90,000, half month credit period is there, then what amount will be received in April?
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QUICK-FIX REPAIR COMPANY
Trial Balance
December 31
Acct.
No. Account Title Debits Credits
100 Cash $ 69,200
103 Accounts Receivable 60,800
160 Office Furniture 120,000
172 Office Equipment 48,000
200 Accounts Payable $ 32,400
300 Capital Stock 180,000
310 Retained Earnings 80,000
320 Dividends 28,800
400 Service Revenue 360,000
507 Salaries Expense 280,000
515 Rent Expense 40,000
568 Miscellaneous Expense 7,200
$654,000 $652,400
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