accounts receivable had a balance of $4,335 on may 31. there were debit postings of $779 and credit postings of $892 during june. what was the accounts receivable balance on june 30?

Answer :

For June 30, its accounts receivable balance was $4222, according to the document.

What is debit and credit?

Every credit entry reflects a value transfer from the account, whereas a debit entry reflects an exchange of value to the account. Each transaction involves the movement of money from credited to debited accounts. about when you deposit a check, for instance. The sum of the debits and credits must be equal. Synonyms: settlement, payment, obligation, debt More Debit Synonyms.

Briefing:

The following table shows the balance of the control account for accounts receivable:

= Total sales minus cash receipts journal + debit balance of accounts payable control account

= $779+ $4,335- 892

= $338,10

= $4222

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