Rubina is the director of procurement at Baines Corporation. She plans to send a memo to the employees in her department outlining some changes in the company's personnel policies. She believes that most of the employees will view the changes favorably. Therefore, Rubina is most likely to:

$660,000

Explanation:

Accounts receivables are assets and accordingly, they have debit balance.

The opening balance of accounts receivables = $200,000

Add: Services provided on account = $700,000

Services provided on account is the revenue generated and the payment will be received in future, and thus, will create accounts receivables.

The company collected $240,000 from the accounts receivables, this means with this amount the balance of amount to be received from customers will be decreased.

Accordingly $240,000 amount of accounts receivables will be credited against cash account.

Ending balance of accounts receivables in January = Opening + Addition - Payment received

= $200,000 + $700,000 - $240,000 = $660,000