At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $70,000 for accounts receivable. during january, the company collected $18,400 from customers on account and provided additional services to customers on account totaling $14,300. additionally, during january one customer paid mikey $6,800 for services to be provided in the future. at the end of january, the balance in the accounts receivable account should be:
a. $72,700.
b. $65,900.
c. $4,100.
d. $74,100.
e. $67,300.

end of January  balance in the accounts receivable account should be $65900

Explanation:

given data

accounts receivable = $70,000

customers on account = $18,400

account totaling = $14,300

services to be provided  = $6,800

to find out

balance in the accounts receivable account

solution

balance in the accounts receivable account will be find as

Balance of Accounts Receivable = Beginning balance + Revenue from earned services - Collections during the period     1

put here value

Balance of Accounts Receivable  = 70000 + 14300 - 18400

Balance of Accounts Receivable  = $65900

so  

end of January  balance in the accounts receivable account should be $65900

the answer is a.

by: nicholas dooley

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a