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The Accounts Receivable Account for Rusty's Mechanic Shop Had a Beginning

Question 150

Multiple Choice

The Accounts Receivable account for Rusty's Mechanic Shop had a beginning balance of $12,000. During the month, Rusty received payments of $7,000 on account and made sales on account of $16,000. The ending balance in the Accounts Receivable account is:


A) $3,000.
B) $9,000.
C) $21,000.
D) $35,000.

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