At the Beginning of January of the Current Year,Little Mikey's

question 169

Multiple Choice

At the beginning of January of the current year,Little Mikey's Catering ledger reflected a normal balance of $52,000 for accounts receivable.During January,the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500.Additionally,during January one customer paid Mikey $5,000 for services to be provided in the future.At the end of January,the balance in the accounts receivable account should be:

• A)$54,700.
• B)$49,700.
• C)$2,300.
• D)$54,300.
• E)$49,300.

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Definitions:

Whole-Grain

Refers to grains that have all of their parts intact: the bran, germ, and endosperm, providing more nutrients and fiber.

Fructose

A simple sugar found in many plants that is sweeter than glucose and used in various foods and beverages.

Sorghum

A grain that serves as both food and fodder, known for its drought tolerance and nutritional value.

Nutrient-Rich Foods

Foods that contain high levels of vitamins, minerals, and other beneficial substances with relatively few calories.