Which of the Following Is an Accurate Description of the Economic

question 22

Multiple Choice

Which of the following is an accurate description of the economic events involving Accounts Receivable as documented in the T-Account above?

• A) There were more customers paying off balances than there were customers adding to their balances.
• B) There were more customers adding to their balances than paying off their balances.
• C) The company paid off its debt more than it incurred new debt.
• D) The company incurred more debt than it paid off.