At January 1,Davidson Services has the following balances: Davidson has the following transactions during January: Credit sales of $80,000,collections of $76,000,and write-offs of $12,000.
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Davidson uses the direct write-off method.At the end of January,the balance in Accounts receivable is:

Question

At January 1,Davidson Services has the following balances:  Davidson has the following transactions during January: Credit sales of $80,000,collections of $76,000,and write-offs of $12,000.
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Davidson uses the direct write-off method.At the end of January,the balance in Accounts receivable is:

Quizplus · Accepted Answer

A) Calculations: $24,000 + $80,000 - $76,000 - $12,000 = $16,000

At January 1,Davidson Services Has the Following Balances: Davidson