Crane IncHad a Beginning Balance in Accounts Receivable of $19,200

question 134

Multiple Choice

Crane Inc.had a beginning balance in accounts receivable of $19,200.During the year,it had credit sales of $240,000.Crane received payments on account of $224,000.At the end of the year,accounts receivable has a:

• A)debit balance of $35,200.
• B)credit balance of $35,200.
• C)debit balance of $3,200.
• D)credit balance of $3,200.

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