Question

please explain rather than just answering

Accounts Receivable began with a balance of $868, the account had credits of $1,471 and debits of $819. The ending balance of accounts receivable is $

Answer 1

The ending balance of Accounts receivable is $ 216

Working

Beginning balance (Dr balance)	$      868.00
Add: Amount debited (Credit sales made)	$      819.00
Total receivables	$   1,687.00
Less: Amount credited (Cash collected from receivables)	$   1,471.00
Ending Balance (Dr balance)	$      216.00

The accounts receivable have normally a debit balance which indicate sales made on account. Accounts receivable had debts in its account when there is more credit sales made. It has credits when cash is collected. The beginning balance + New credit sales - Cash collected = Net ending balance of receivable.