41. On July 31, 20B, the accounts receivable and accounts payable ledger of Midsayap Grocery owned and
managed by Cecil Espero revealed the following balances:
Accounts receivable
60,000
Accounts payable
70,000
The summary of transactions that took place during the month of August 20B that affect the balances of
both accounts are given below:
Collection from customers' accounts, P25,000
Supplies bought on account from various suppliers, P20,000
Services rendered to various customers on accounts, P15,000
Payment of account to various supplirs, P50,000
What balance will the ledger of accounts receivable show on August 31, 2017
a. 35,000
b. 40,000
c. 45,000
d. 50,000
no​