On January 1, 2017, the Accounts Receivable of Martha, Inc

Multiple Choice

On January 1, 2017, the Accounts Receivable of Martha, Inc. had a debit balance of $150,000. During January, the company provided services for $400,000 on account. The company collected $240,000 from its customers on account in January. What was the ending balance in the Accounts Receivable account at the end of January?

A) $160,000
B) $550,000
C) $310,000
D) $400,000