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Exercise 9-1 Analyzing accounts receivable (LO9-2) For the month of December 20X1, Ranger Corporations records show the following information: Cash received on accounts receivable $
Exercise 9-1 Analyzing accounts receivable (LO9-2)
For the month of December 20X1, Ranger Corporations records show the following information:
Cash received on accounts receivable | $ | 35,000 | |
Cash sales | 30,000 | ||
Accounts receivable, December 1, 20X1 | 80,000 | ||
Accounts receivable, December 31, 20X1 | 74,000 | ||
Accounts receivable written off as uncollectible | 1,000 | ||
Required:
Determine the gross sales for the month of December 20X1.
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