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irga5000 [103]
3 years ago
10

On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge

-account customer. After posting this transaction, the new balance in the Accounts Receivable account is_________.
Business
1 answer:
alex41 [277]3 years ago
7 0

Answer:

$4,600 debit balance

Explanation:

Provided that

The account receivable balance = $5,000

The amount received from  its charge-account customer = $400

So after posting this transaction, the new balance in the account receivable account is

= The account receivable balance - The amount received from  its charge-account customer    

= $5,000 - $400

= $4,600 debit balance

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