Multiple Choice
In the second month of operations, the total of the debit entries to the accounts receivable account amounted to $500 and the total of the credit entries to the accounts receivable account amounted to $300. The opening balance of the accounts receivable account was $200. The accounts receivable account has a
A) $500 debit balance.
B) $300 debit balance.
C) $400 debit balance.
D) $0 balance.
Correct Answer:
Verified
Correct Answer:
Verified
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