At December 1, 2014, Orear Company's Accounts Receivable balance was $5,600. During December, Orear had credit sales of $15,000 and collected accounts receivable of $12,000. At December 31, 2014, the Accounts Receivable balance is

Question

Quizplus · Accepted Answer

The ending Accounts Receivable balance is calculated as the beginning balance ($5,600) plus credit sales ($15,000) minus collections ($12,000), resulting in $8,600 debit.

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