At December 1, 2021, 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, 2021, the accounts receivable balance is

Question

Quizplus · Accepted Answer

To determine the accounts receivable balance at December 31, we need to add the new revenues on account to the beginning accounts receivable balance and then subtract the accounts receivable collected during December.

Beginning accounts receivable balance: $1,800
Add revenues on account: $7,200
Total accounts receivable to be collected: $9,000
Subtract collections during December: -$6,000

Accounts receivable balance at December 31: $3,000 debit

At December 1, 2021, Cursive Company's Accounts Receivable Balance Was