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:

Emotional Stability

Refers to a person's ability to remain stable and balanced in their emotions, even in stressful situations.

Safety Precautions

Measures taken in advance to prevent accidents or harm to individuals in various environments, including the workplace, home, or public spaces.

Financial Ability

Financial ability refers to the capacity of an individual or entity to manage expenses and invest in assets, often involving income, savings, and credit.

Equipment-Related Accident

An incident where failure or misuse of medical or any other equipment results in harm or injury.