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At the beginning of January of the current year, Little Mikey's Catering ledger reflected a normal balance of $70,000 for accounts receivable. During January, the
At the beginning of January of the current year, Little Mikey's Catering ledger reflected a normal balance of $70,000 for accounts receivable. During January, the company collected $18,400 from customers on account and provided additional services to customers on account totaling $14,300. Additionally, during January one customer paid Mikey $6,800 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be: $72,700. $65,900. $4,100. $74,100. $67,300.
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