The Accounts Receivable Account Has a Zero Opening Balance, Total

question 166

Multiple Choice

The Accounts Receivable account has a zero opening balance, total debit postings of $1,700 and credit postings of $900. The balance of the account is

• A) $800 debit.
• B) $800 credit.
• C) $2,600 credit.
• D) $2,600 debit.

---

Definitions:

18th Century

The period ranging from January 1, 1701, to December 31, 1800, in accordance with the Gregorian calendar, marked by significant developments in various fields like science, politics, and art.

Open-Class Societies

Societies characterized by the opportunity for social mobility and the ability for individuals to change their socio-economic status.

Mobility

The ability to move or be moved freely and easily, whether referring to physical movement of individuals or social mobility within hierarchical structures.

Social Class

is a division of a society based on social and economic status, influencing access to resources and opportunities.