The following control account has been prepared by a trainee accountant:
| Receivables ledger control account | | $ | | $ | | Opening balance | 308,600 | Cash | 147,200 | | Credit sales | 154,200 | Discounts allowed | 1,400 | | Cash sales | 88,100 | Interest charged on overdue accounts | 2,400 | | Contras | 4,600 | Irrecoverable debts | 4,900 | | | Allowance for receivables | 2,800 | | | Closing balance | 396,800 | | 555,500 | | 555,500 |
What should the closing balance be when all the errors made in preparing the receivables ledger control accounthave been corrected?
A.$395,200
B.$304,300
C.$309,500
D.$307,100
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