Accounts Receivable had a normal starting balance of $1000. There were debit postings of $800 and credit postings of $400 during the month. The ending balance is
A) $600 credit.
B) $1,400 debit.
C) $2,200 debit.
D) $1,400 credit.

Question

Quizplus · Accepted Answer

The normal balance of Accounts Receivable, an asset account, is a debit. Starting with a $1,000 debit balance, adding debits of $800, and subtracting credits of $400, the ending balance is $1,400 debit.

Accounts Receivable Had a Normal Starting Balance of $1000