What would be the account balance in Accounts Receivable after the following transactions,assuming a zero beginning balance?
$\begin{array}{|l|l|}
\hline \text { Performed services and left a bill. } & \$ 4,200 \
\hline \text { Performed services and collected immediately. } & \$ 3,500 \
\hline \text { Performed services and billed customer. } & \$ 2,200 \
\hline \text { Performed services on account. } & \$ 6,000 \
\hline \text { Received partial payment on account. } & \$ 1,500\
\hline
\end{array}$

A) $17,400
B) $10,900
C) $14,400
D) $ 4,500
E) $ 2,000

Question

What would be the account balance in Accounts Receivable after the following transactions,assuming a zero beginning balance?
$\begin{array}{|l|l|}
\hline \text { Performed services and left a bill. } & \$ 4,200 \
\hline \text { Performed services and collected immediately. } & \$ 3,500 \
\hline \text { Performed services and billed customer. } & \$ 2,200 \
\hline \text { Performed services on account. } & \$ 6,000 \
\hline \text { Received partial payment on account. } & \$ 1,500\
\hline
\end{array}$

A) $17,400
B) $10,900
C) $14,400
D) $ 4,500
E) $ 2,000

Quizplus · Accepted Answer

The account balance in Accounts Receivable is calculated by adding the amounts billed to customers and subtracting any payments received. The transactions that affect Accounts Receivable are: $4,200 (left a bill), $2,200 (billed customer), and $6,000 (on account), totaling $12,400. Subtract the partial payment received of $1,500, resulting in a balance of $10,900.

What Would Be the Account Balance in Accounts Receivable After