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On July 1, 2022, Arenado Corporation's Accounts Receivable balance was $35,000. During July, Arenado made...

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Accounting

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On July 1, 2022, Arenado Corporation's Accounts Receivable balance was $35,000. During July, Arenado made credit sales of $120,000 and collected cash from customers' accounts receivable of $140,000. At July 31,2022 , the Accounts Receivable balance is $15,000 debit $25,000 debit $20,000 credit $55,000 debit

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