On January 1, 2015, the Accounts Receivable of Linda, Inc. h

On January 1, 2015, the Accounts Receivable of Linda, Inc. had a debit balance of $180,000. During January, the company provided services for $700,000 on account. The company collected $230,000 from its customers on account in January

What was the ending balance in the Accounts Receivable account at the end of January?
A) $470,000
B) $880,000
C) $650,000
D) $700,000

ANSWER

C .Ending balance as of January 31, 2015, in Accounts Receivable = Opening balance + Debits – Credits