Multiple Choice
On January 1, 2015, the Accounts Receivable of Linda Company had a debit balance of $20,000. During January, the company provided services for $600,000 on account. The company collected $250,000 from its customers on account in January. What was the ending balance in the Accounts Receivable account at the end of January?
A) $350,000
B) $620,000
C) $370,000
D) $600,000
Correct Answer:
Verified
Correct Answer:
Verified
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