On 1 January 2014, Lexmark Company's Accounts receivable account had a debit balance of $10 000. During January 2014, the company billed customers for services in the amount of $300 000. Also during January, the company collected $240 000 from its customers on credit. What was the balance in the Accounts receivable account at the end of January?

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The beginning balance was $10,000. The company billed $300,000, increasing the balance to $310,000. They collected $240,000, reducing the balance to $70,000.

On 1 January 2014, Lexmark Company's Accounts Receivable Account Had