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The Accounts Receivable account of Brownstone Company has the following​ postings: Accounts Receivable Calculate the ending balance of the account. A. debit B. credit C. debit D. debit

User Ellie Tam
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1 Answer

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24 votes

Answer:

D. $16,000 debit

Step-by-step explanation:

As we know Account receivable is a current asset account that has a normal debit balance. A debit entry in this account would increase the balance of the account and a credit entry in this account would decrease the account balance.

In the given question, There are two entries in the debit side.

Hence, The debit balance should be

Debit side total = 20,000 + 2,000 = 22,000

There is a credit entry in the account that will decrease the account balance

Account ending balance = 22,000 - 6,000

Account ending balance = 16,000

As the balance of the debit side is greater than the credit side. The answer will be debit 16,000

The question is incomplete

The complete question is provided in the attachement and the answer is made accordingly.

The Accounts Receivable account of Brownstone Company has the following​ postings-example-1
User Ikes
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