Answer:
The ending balance in the Accounts Receivable account at the end of January was C. $500,000
Explanation:
The ending balance in the Accounts Receivable account = The beginning balance in the Accounts Receivable account + Amount of provided services on account - Amount of collected from customers on account
On January 1, 2015, the Accounts Receivable of Linda, Inc. had a debit balance of $150,000. The beginning balance in the Accounts Receivable account was $150,000.
During January, the company provided services for $600,000 on account and collected $250,000 from customers on account
The ending balance in the Accounts Receivable account = $150,000 + $600,000 - $250,000 = $500,000
