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.

---

Definitions:

Job Competition

A process where individuals apply for the same position, aiming to secure employment by showcasing their skills and qualifications.

Cognitive Abilities

The mental capacities that include reasoning, problem-solving, planning, abstract thinking, complex idea comprehension, learning from experience, and adaptation to new situations.

Social Status

An individual's or group's position within a hierarchical society, which can be determined by wealth, occupation, education, or family lineage.

Genetic Endowment

The genetic inheritance passed from parents to offspring, determining various biological characteristics and predispositions.