Multiple Choice
At December 1, 2020, Dubois Company's accounts receivable balance was $1,300. During December, Dubois had credit sales of $7,400 and collected accounts receivable of $6,000. At December 31, 2020, the accounts receivable balance is
A) $100 debit.
B) $2,700 debit.
C) $100 credit.
D) $2,700 credit.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: A credit balance in a liability account
Q58: Beethoven Company provided consulting services and billed
Q212: Borrowing cash from the bank is recorded
Q213: Brettschneider CPA provided accounting services and billed
Q215: On October 3, Jimmy Stokes, a musician,
Q216: Laura Chu withdraws $1,000 cash from her
Q217: On October 3, Ken Steele, a carpenter,
Q218: At June 1, Cooper Company had an
Q220: Purchasing supplies for cash will require a
Q222: Which of the following correctly identifies