In the Second Month of Operations, the Total of the Debit

question 138

Multiple Choice

In the second month of operations, the total of the debit entries to the accounts receivable account amounted to $500 and the total of the credit entries to the accounts receivable account amounted to $300. The opening balance of the accounts receivable account was $200. The accounts receivable account has a

• A) $500 debit balance.
• B) $300 debit balance.
• C) $400 debit balance.
• D) $0 balance.