Question 10 1 point On January 1 2015 the Accounts Receivabl

Question 10 (1 point) On January 1, 2015, the Accounts Receivable of Linda Company had a debit balance of $150,000. During January, the company provided services for $600,000 on account. The company collected $230,000 from its customers on account in January. What was the ending balance in the Accounts Receivable account at the end of January? A) $750,000 B) $370.000 C) $600.000 D) $520,000

Solution

Ending balance in Accounts Receivable = 150000+600000-230000= 520000 Option D is correct