The accounts receivable account has total debit postings of $1,900 and credit postings of $1,100. the balance of the account is a/an
a. $800 debit.
b. $800 credit.
c. $2,600 credit.
d. $2,600 debit.

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.