Question

Johnny had receivables of $4,500 at the start of 20X5. During the year to31 December 20X5 he makes credit sales of $45,000 and receives cash of $46,500 from credit customers. What is the balance on the receivables account at 31 December20X5? *
1 point
$6,000 DR
$ 3,000 DR
$ 6,000 CR
$ 3,000 CR​

Answer 1

Answer:

Johnny had receivables of $4,500 at the start of 20X5. During the year to31 December 20X5 he makes credit sales of $45,000 and receives cash of $46,500 from credit customers. What is the balance on the receivables account at 31 December20X5? *

1 point

$6,000 DR

$ 3,000 DR

$ 6,000 CR

$ 3,000 CR