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.
Davidson uses the direct write-off method. At the end of January, the balance in Accounts receivable is:
A) $16,000.
B) $4,000.
C) $68,000.
D) $28,000.
Correct Answer:
Verified
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