Multiple Choice
Crane Inc.had a beginning balance in accounts receivable of $19,200.During the year,it had credit sales of $240,000.Crane received payments on account of $224,000.At the end of the year,accounts receivable has a:
A) debit balance of $35,200.
B) credit balance of $35,200.
C) debit balance of $3,200.
D) credit balance of $3,200.
Correct Answer:
Verified
Correct Answer:
Verified
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