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At December 1, 2010, Gibson Company's Accounts Receivable Balance Was

Question 23

Multiple Choice

At December 1, 2010, Gibson Company's accounts receivable balance was $1,200. During December, Gibson had credit revenues of $5,000 and collected accounts receivable of $4,000. At December 31, 2010, the accounts receivable balance is


A) $1,200 debit.
B) $2,200 debit.
C) $6,200 debit.
D) $2,200 credit.

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