In Reviewing the T-Account for Accounts Receivable,you Find That the Beginning

question 62

True/False

In reviewing the T-account for Accounts Receivable,you find that the beginning balance is zero,the total increases are $5,400 and the total decreases are $2,100.This means that the ending balance of the account is a credit balance of $3,300.

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Definitions:

Oxidized

A chemical process where a molecule, atom, or ion loses electrons, often leading to its reaction with oxygen.

Reduced

Often refers to the gain of electrons or decrease in oxidation state by a molecule, atom, or ion.

Ionized

The state of an atom or molecule when it has lost or gained one or more electrons, thus carrying a charge.

Phosphorylation

Reaction in which a phosphate group is added to a molecule.