Hi expert please give me answer general accounting question On January 1, 2017, the Accounts Receivable of Martha Company hada debit balance of $190,000. During January, the company providedservices for $400,000 on the account. The company collected$240,000 from its customers on account in January.What was the ending balance in the Accounts Receivable account atthe end of January?a. $160,000.b. $590,000.c. $350,000.d. $400,000.

Step 1: Define Accounts ReceivableAccounts receivable is a current asset account that increases with…

Answered: On January 1, 2017, the Accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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Catherines Cookies has a beginning balance in the Accounts Receivable control total account of $8,200. $15,700 was credited to Accounts Receivable during the month. In the sales journal, the Accounts Receivable debit column shows a total of $12,000. What is the ending balance of the Accounts Receivable account in the general ledger?
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