On December 1, the Accounts Receivable Account Had a $22,000

question 31

Multiple Choice

On December 1, the Accounts Receivable account had a $22,000 debit balance. During December the business earned $10,500 in revenue on account and collected $13,200 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is:

• A)a $19,300 debit balance.
• B)a $24,700 debit balance
• C)a $24,700 credit balance.
• D)a $23,700 credit balance

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Definitions:

Credibility

The quality of being trusted and believed in.

Consistency

Consistency refers to the quality of achieving a level of performance or behavior that does not vary greatly in quality over time.

Persuader

An individual or entity that uses communication and argumentation techniques to influence others' beliefs, attitudes, or actions.

Cognitive Dissonance

A psychological phenomenon where there is discomfort or mental conflict due to holding contradictory beliefs or attitudes, leading to an internal push for resolution.