Crane Inc. had a beginning balance in accounts receivable of $19,200. During the year, it had credit sales of $240,000. Crane received payments on account of $224,000. At the end of the year, accounts receivable has a:
A. credit balance of $35,200.
B. debit balance of $3,200.
C. debit balance of $35,200.
D. credit balance of $3,200.
Answer: C
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