Question
Looking at the T-Account, what is the best explanation of what has happened in this account? Accounts Receivable Bal. 2000 15,000 10,000 Group of answer
Looking at the "T-Account," what is the best explanation of what has happened in this account?
Accounts Receivable
Bal. 2000
15,000 10,000
Group of answer choices
a. credits increased the account by $15,000, resulting in a $7,000 credit balance.
b. credits decreased the account by $10,000 and debits increased the account by $15,000 resulting in a $7,000 credit balance.
c. credits decreased the account by $10,000 and debits increased the account by $15,000 resulting in a $5,000 debit balance.
d. credits decreased the account by $10,000 and debits increased the account by $15,000 resulting in a $7,000 debit balance.
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