On January 1, 2015, the Accounts Receivable of Linda Company

question 46

Multiple Choice

On January 1, 2015, the Accounts Receivable of Linda Company had a debit balance of $20,000. During January, the company provided services for $600,000 on account. The company collected $250,000 from its customers on account in January. What was the ending balance in the Accounts Receivable account at the end of January?

• A)$350,000
• B)$620,000
• C)$370,000
• D)$600,000

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Definitions:

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