On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge-account customer. After posting this transaction, the new balance in the Accounts Receivable account is:
A. a $5,400 debit balance.
B. a $5,400 credit balance.
C. a $4,600 debit balance.
D. a $4,600 credit balance.
Answer: C
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