The Accounts Receivable Account for James Rivers Inc

question 12

Multiple Choice

The accounts receivable account for James Rivers Inc. had a beginning balance of $6,000. During the month, the company received payments of $8,000 and additional accounts of $11,000. The ending balance in accounts receivable is _____ and is a ______.

• A)$9,000, credit
• B)$9,000, debit
• C)$3,000, debit
• D)$3,000, credit

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Definitions:

Ethical Decision-Making Approach

describes a process that involves evaluating and choosing among alternatives in a manner consistent with ethical principles and values.

Guiding Principles

Fundamental beliefs or ideals that provide direction and help in decision-making within an organization or individual's life.

Deeply Held Beliefs

Convictions or opinions that are strongly embedded in a person’s or community's identity and guide their actions and judgments.

Betraying

The act of violating trust or confidence, typically for personal gain or advantage, often resulting in damage to a relationship.