At December 1, 2017, Orear Company's Accounts Receivable balance was $16,800. During December, Orear had credit sales of $45,000 and collected accounts receivable of $36,000. At December 31, 2017, the Accounts Receivable balance is

Question

Quizplus · Accepted Answer

To find the ending balance of accounts receivable, we need to add the credit sales to the beginning balance and then subtract the collections made during the month. 
Beginning balance: $16,800 
Credit sales: $45,000 
Collections: ($36,000) 
Ending balance: $25,800 (debit)

At December 1, 2017, Orear Company's Accounts Receivable Balance Was