At the Beginning of January of the Current Year, Little

Multiple Choice

At the beginning of January of the current year, Little Mikey's Catering ledger reflected a normal balance of $52,000 for accounts receivable. During January, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. Additionally, during January one customer paid Mikey $5,000 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be:

A) $2,300.
B) $49,300.
C) $54,300.
D) $49,700.
E) $54,700.