At December 1, 2014, Gibson Company's accounts receivable balance was €2,400. During December, Gibson had credit revenues of €10,000 and collected accounts receivable of €8,000. At December 31, 2014, the accounts receivable balance is

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Starting Accounts Receivable Balance = €2,400
Credit Sales during December = €10,000
Total Accounts Receivable = Starting Balance + Credit Sales = €2,400 + €10,000 = €12,400
Collections during December = €8,000
Ending Accounts Receivable Balance = Total Accounts Receivable - Collections = €12,400 - €8,000 = €4,400 debit.

At December 1, 2014, Gibson Company's Accounts Receivable Balance Was