The Webster's Company sells on credit terms of net 45. Its accounts are on average 45 days past due. If annual credit sales are $5 million, what is the company's balance in accounts receivable?© BrainMass Inc. brainmass.com June 3, 2020, 7:06 pm ad1c9bdddf
Since the accounts are on average 45 days past due, the balance in Accounts Receivable will ...
The solution explains how to calculate the balance in the accounts receivable account.