The Accounts Receivable T Account Shows the Following Debit and Credit

question 30

Multiple Choice

The Accounts Receivable T account shows the following debit and credit amounts:
$300, debit
$1,000, debit
$500, credit
$120, credit
What is the balance of the account?

• A) $1,200, debit
• B) $500, credit
• C) $680, debit
• D) $900, credit
• E) $2,000, debit

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Definitions:

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