Accounts Receivable Account Has a Beginning Balance of $10,000 and the Company

question 89

Multiple Choice

Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month.The ending balance was $12,000.How much did the company receive from customers during the month?

• A)$50,000.
• B)$52,000.
• C)$48,000.
• D)$62,000.

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Definitions:

Uniformitarianism

The geological principle suggesting that the same processes and natural laws that operate in the universe now have always operated in the past.

Natural Selection

A fundamental mechanism of evolution, where organisms better adapted to their environment tend to survive and produce more offspring.

Catastrophism

The theory that the Earth has been shaped by sudden, short-lived, violent events, possibly worldwide in scope, contrasting with uniformitarianism which emphasizes gradual changes.

Mitosis

A kind of cell division that produces new cells having exactly the same number of chromosome pairs, and hence copies of genes, as the parent cell.