The Accounts Receivable account of Brownstone Company has the following postings: Calculate the ending balance of the account.
A)$31,000 debit
B)$27,000 debit
C)$4,000 credit
D)$23,000 debit

Question

The Accounts Receivable account of Brownstone Company has the following postings:  Calculate the ending balance of the account.
A)$31,000 debit 
B)$27,000 debit 
C)$4,000 credit 
D)$23,000 debit

Quizplus · Accepted Answer

The account has a debit balance of $12,500 and there are three credit postings totaling $11,500. Subtracting the credit postings from the debit balance gives an ending balance of $23,000 debit.

The Accounts Receivable Account of Brownstone Company Has the Following