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Find balance in the accounts receivable account should be

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Reference no: EM132660101

Problem 1: At the beginning of January of the current year, Sorrel Co.'s ledger reflected a normal balance of $52,000 for accounts receivable. During January, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. Additionally, during January one customer paid Mikey $5,000 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be:

A. $54,700.
B. $49,700.
C. $2,300.
D. $54,300.
E. $49,300.

Reference no: EM132660101

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