The accounts receivable account for James Rivers Inc. had a beginning balance of $6,000. During the month, the company received payments of $8,000 and additional accounts of $11,000. The ending balance in accounts receivable is _____ and is a ______.
A)$9,000, credit
B)$9,000, debit
C)$3,000, debit
D)$3,000, credit

Question

Quizplus · Accepted Answer

The ending balance is calculated as the beginning balance ($6,000) plus additional accounts ($11,000) minus payments received ($8,000), resulting in $9,000. Accounts receivable is an asset account, which normally has a debit balance.

The Accounts Receivable Account for James Rivers Inc