In April, Meena sent Ralph invoices for $170, $240, $125 and a credit note for $63. In the same month, Ralph sent Meena a debit note for $70 and a cheque for $107. There was no opening balance on Meena's account at the start of April.
What was the balance on Meena’s account in Ralph’s books on 1 May?
1 )
$295 credit
2 )
$295 debit
$365 credit
4 )
$365 debit
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