Smith Technical Services Is Working on a Six-Month Job for a Client,starting

Multiple Choice

Smith Technical Services is working on a six-month job for a client,starting February 1.They will collect $48,000 from their customer when the job is finished.On March 1,their Accounts receivable account has a debit balance of $8,000.At the end of March,after monthly adjusting entries have been made,what will the balance in Accounts receivable be?

A) Debit balance of $48,000
B) Credit balance of $8,000
C) Debit balance of $16,000
D) Debit balance of $12,000