The Accounts Receivable account of Rosewood Company has the following postings:
Calculate the ending balance of the account.
A)$33,000 debit
B)$27,000 debit
C)$6,000 credit
D)$21,000 debit

Question

The Accounts Receivable account of Rosewood Company has the following postings: 
Calculate the ending balance of the account.
A)$33,000 debit 
B)$27,000 debit 
C)$6,000 credit 
D)$21,000 debit

Quizplus · Accepted Answer

To calculate the ending balance of the account, we need to add up all the debits and credits in the account. The postings in the account given in the question are all debits, so we simply add them up to get the ending balance.

$12,000 + $9,000 = $21,000

Therefore, the correct answer is D) $21,000 debit.

The Accounts Receivable Account of Rosewood Company Has the Following