Moore Co.had a beginning balance in accounts receivable of $12,000.During the year,it had credit sales of $150,000.Moore received payments on account of $140,000.At the end of the year,accounts receivable has a:
A) debit balance of $22,000.
B) credit balance of $22,000.
C) debit balance of $2,000.
D) credit balance of $2,000.

Question

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The Answer of Moore Co.had a beginning balance in accounts receivable of $12,000.During the year,it had credit sales of $150,000.Moore received payments on account of $140,000.At the end of the year,accounts receivable has a:
A) debit balance of $22,000.
B) credit balance of $22,000.
C) debit balance of $2,000.
D) credit balance of $2,000.

Moore CoHad a Beginning Balance in Accounts Receivable of $12,000