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_________.
1 answer:
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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