At December 1, 2015, Cursive Company's accounts receivable balance was $1,800. During December, Cursive had revenues on account of $7,200 and collected accounts receivable of $6,000. At December 31, 2015, the accounts receivable balance is
A) $600 debit.
B) $3,000 debit.
C) $600 credit.
D) $3,000 credit.

Question

Quizplus · Accepted Answer

The accounts receivable balance is calculated as the beginning balance plus revenues on account minus collections. So, $1,800 + $7,200 - $6,000 = $3,000 debit.

At December 1, 2015, Cursive Company's Accounts Receivable Balance Was