On June 1, 2023, Entity F reported a balance in accounts receivable of $1,000. During June, the company received cash payments from customers on account of $11,000 and sold merchandise on account to customers for $15,000. What is the accounts receivable balance at the end of June? Hint: Prepare a T account.

a. $15,000 debit balance.

b. $4,000 credit balance.

c. $5,000 debit balance.

d. $5,000 credit balance.