Balance in the accounts receivable account


At the beginning of January of the current year, Thomas law Center's ledger reflected a normal balance of $ 52,000 for accounts receivable. During January, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. Additionally, during January one customer paid Thomas $5,000 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be:

A. $54,700.

B. $49,700.

C. $2,300.

D. $54,300.

E. $49,300.

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Accounting Basics: Balance in the accounts receivable account
Reference No:- TGS070411

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