If Accounts Receivable has debit postings of $29,000, credit postings of $22,000, and a normal ending balance of $24,000, which of the following was its beginning balance?
A) $31,000 Dr.
B) $17,000 Dr.
C) $17,000 Cr.
D) $31,000 Cr.

Question

Quizplus · Accepted Answer

Beginning Balance = Ending Balance - (Total Debit Postings - Total Credit Postings) 
Beginning Balance = $24,000 - ($29,000 - $22,000) 
Beginning Balance = $17,000 Dr.

If Accounts Receivable Has Debit Postings of $29,000, Credit Postings