Question
The Accounts Receivable account of Folklore Company started off the beginning of the month of April with a normal balance of $57,000. During the month
-
The Accounts Receivable account of Folklore Company started off the beginning of the month of April with a normal balance of $57,000. During the month of April, the account was debited for a total of $83,500 and credited for a total of $68,500. What is the balance in the Accounts Receivable account now on April 30th?
-
$23,000 debit balance
-
$72,000 debit balance
-
$72,000 credit balance
-
$53,000 debit balance
-
The Accounts Receivable account of Folklore Company started off the beginning of the month of April with a normal balance of $57,000. During the month of April, the account was debited for a total of $83,500 and credited for a total of $68,500. What is the balance in the Accounts Receivable account now on April 30th?
-
$23,000 debit balance
-
$72,000 debit balance
-
$72,000 credit balance
-
$53,000 debit balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting
Authors: John Wild, Ken Shaw, Barbara Chiappetta
8th Edition
1264111924, 9781264111923
