A sole proprietorship reported the following transactions for the month of March.The transactions have been journalized and posted to the proper accounts. What is the balance in Accounts Receivable?
A)$9,000
B)$2,000
C)$3,000
D)$11,000

Question

A sole proprietorship reported the following transactions for the month of March.The transactions have been journalized and posted to the proper accounts.  What is the balance in Accounts Receivable?
A)$9,000 
B)$2,000 
C)$3,000 
D)$11,000

Quizplus · Accepted Answer

B)Accounts Receivable is increased (debited)by the March 5 amount of $11,000 and decreased (credited)by the March 6 amount of $9,000.

A Sole Proprietorship Reported the Following Transactions for the Month