1) Accounts Receivable had a normal starting balance of $1,000. There were debit postings of $800 and credit postings of $400 during the month. The ending balance is A) $600 credit. B) $2,200 debit. D) $1,400 debit. 2) A compound entry is A) a transaction involving more than one debit and/or credit. B) found on the income statement. C) used to prepare the trial balance. D) the same as the chart of accounts. C) $1,400 credit. 3) The chart of accounts A) is a numbered list of all of the business' accounts. B) allows accounts to be balanced more accurately. C) can be expanded as the business grows. D) A and C are correct. 4) The Accounts Receivable account is. A) a liability, and it has a normal credit balance. B) an asset, and it has a normal debit balance. C) an expense, and it has a normal credit balance. D) a revenue, and it has a normal debit balance. M 1) 2) 3) 4)