On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business...

 

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On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is a $25,200 credit balance. a $26,200 debit balance. a $15,200 debit balance. a $26,200 credit balance. On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is a $25,200 credit balance. a $26,200 debit balance. a $15,200 debit balance. a $26,200 credit balance.

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