What Entry Would Be Made in Account Receivable When a Company

question 14

Multiple Choice

What entry would be made in account receivable when a company has billed its client $230,000 during the financial year and client have sent in payments totalling $87,908.The business uses cash-based accounting?

• A)$230,000
• B)$87,908
• C)0
• D)$142,092.

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