On 1 January 2014, Lexmark Company's Accounts Receivable Account Had

Multiple Choice

On 1 January 2014, Lexmark Company's Accounts receivable account had a debit balance of $10 000. During January 2014, the company billed customers for services in the amount of $300 000. Also during January, the company collected $240 000 from its customers on credit. What was the balance in the Accounts receivable account at the end of January?

A) $250 000
B) $70 000
C) $60 000
D) $10 000