1a. At December 1, 2021, Elmhurst Companys accounts receivable balance was $1,800. During December, Elmhurst had revenues on account of $7,200 and collected accounts receivable of $6,000. At December 31, 2021, the accounts receivable balance is

A. $600 Credit

B. $3,000 debit

C. $600 Debit

D. $3,000 Credit

1b. During February 2021, its first month of operations, the stockholders of Artemis Enterprises invested cash of $50,000. Artemis had cash revenues of $10,000 and paid expenses of $14,000. Assuming no other transactions impacted the Cash account, what is the balance in Cash at February 28?

A. $4,000 credit

B. $46,000 debit

C. $54,000 debit

D $4,000 debit

At December 1,2021 , Elmhurst Company's accounts receivable balance was $1,800. During December, Elmhurst had revenues on account of $7,200 and collected accounts receivable of $6,000. At December 31 , 2021, the accounts receivable balance is $600 credit. $3,000 debit. $600 debit. $3,000 credit. Question 1b. 2 pts During February 2021, its first month of operations, the stockholders of Artemis Enterprises invested cash of $50,000. Artemis had cash revenues of $10,000 and paid expenses of $14,000. Assuming no other transactions impacted the Cash account, what is the balance in Cash at February 28? $4,000 credit $46,000 debit $54,000 debit $4,000 debit