On December 1,the Accounts Receivable Account Had a $5,000 Balance

question 66

Multiple Choice

On December 1,the Accounts Receivable account had a $5,000 balance.The business received $400 during the month from its charge-account customer.After posting this transaction,the new balance in the Accounts Receivable account is

• A) a $4,600 credit balance.
• B) a $4,600 debit balance.
• C) a $5,400 debit balance.
• D) a $5,400 credit balance.

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Definitions:

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