document.write( "Question 175351: Can someone please help me with this problem.\r
\n" ); document.write( "\n" ); document.write( "A company began the accounting period with $13,500 in accounts receivable. The ending balance in accounts receivable was $5,000. If the credit sales during the period were $22,000, what is the amount of cash received from customers?\r
\n" ); document.write( "\n" ); document.write( "a. $13,500
\n" ); document.write( "b. $22,000
\n" ); document.write( "c. $30,500
\n" ); document.write( "d. $40,500 \n" ); document.write( "
Algebra.Com's Answer #130500 by gonzo(654)\"\" \"About 
You can put this solution on YOUR website!
i'm not an accounting student but i would say that the amount of cash received would be 30,500.
\n" ); document.write( "here's why:
\n" ); document.write( "AR1 = accounts receivable at the start.
\n" ); document.write( "AR2 = accounts receivable at the finish.
\n" ); document.write( "C = cash
\n" ); document.write( "CRS = credit sales
\n" ); document.write( "---
\n" ); document.write( "general formula should be:
\n" ); document.write( "AR2 = AR1 + CRS - C
\n" ); document.write( "---
\n" ); document.write( "AR1 = 13,500
\n" ); document.write( "AR2 = 5,000
\n" ); document.write( "CRS = 22,000
\n" ); document.write( "C = unknown at this time.
\n" ); document.write( "---
\n" ); document.write( "substituting in the formula, we get:
\n" ); document.write( "5,000 = 13,500 + 22,000 - C
\n" ); document.write( "combining like terms we get:
\n" ); document.write( "5,000 = 35,500 - C
\n" ); document.write( "adding C to both sides of the equation we get:
\n" ); document.write( "C + 5,000 = 35,500
\n" ); document.write( "subtracting 5,000 from both sides we get:
\n" ); document.write( "C = 35,500 - 5,000 = 30,500
\n" ); document.write( "---
\n" ); document.write( "looks like cash = $30,500
\n" ); document.write( "that would be answer c.
\n" ); document.write( "---\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
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