During April, Meena issued Ralph with invoices amounting to $170, $240 and $125, together with a credit note for $63. In that same month, Ralph issued Meena with a debit note for $70 and a cheque for $107. Meena’s account had no opening balance at the beginning of April. What was the balance on Meena’s account in Ralph’s books on 1 May?
- A$295 credit
- B$295 debit
- C$365 credit
- D$365 debit