MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Accounts Receivable had a normal starting balance of $1,000. There were debit postings of $800 and 1) credit postings of $400 during the month. The ending balance is A) $600 credit. B) $2,200 debit. $1,400 credit. D) $1,400 debit 2) 2) A compound entry is A) a transaction involving more than one debit and/or credit. B) found on the income statement C) used to prepare the trial balance. D) the same as the chart of accounts. 3) 3) The chart of accounts A) is a numbered list of all of the business' accounts, B) allows accounts to be balanced more accurately C) can be expanded as the business grows. D) A and C are correct 4) The Accounts Receivable account is A) a liability, and it has a normal credit balance, B) an asset, and it has a normal debit balance. C) an expense, and it has a normal credit balance D) a revenue, and it has a normal debit balance, 2) 2) A compound entry is A) a transaction involving more than one debit and/or credit. B) found on the income statement C) used to prepare the trial balance. D) the same as the chart of accounts