At December 1, 2018, Cursive Company's accounts receivable balance was $1,800. During December, Cursive had revenues on account of $7,200 and collected accounts receivable of $6,000. At December 31, 2018, the accounts receivable balance is
A) $600 debit.
B) $3,000 debit.
C) $600 credit.
D) $3,000 credit.

Question

Quizplus · Accepted Answer

Starting Balance: $1,800
Add: Revenues on account: $7,200
Total: $9,000
Less: Collections: $6,000
Ending Balance: $3,000 debit.

At December 1, 2018, Cursive Company's Accounts Receivable Balance Was