The Accounts Receivable Account for Rusty's Mechanic Shop Had a Beginning

question 150

Multiple Choice

The Accounts Receivable account for Rusty's Mechanic Shop had a beginning balance of $12,000. During the month, Rusty received payments of $7,000 on account and made sales on account of $16,000. The ending balance in the Accounts Receivable account is:

• A) $3,000.
• B) $9,000.
• C) $21,000.
• D) $35,000.

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Definitions:

Lithium Carbonate

A chemical compound used as a mood stabilizer in the treatment of bipolar disorder and other psychiatric conditions.

Nausea

A feeling of sickness with an inclination to vomit.

Antiemetic

is a type of medication used to prevent or treat nausea and vomiting caused by various conditions, including chemotherapy and motion sickness.

Lithium

A chemical element used as a medication to treat bipolar disorder and help stabilize mood.