On January 1,Davidson Services has the following balances: Davidson has the following transactions during January: Credit sales of $100,000,collections of credit sales of $85,000,and write-offs of $15,000.Davidson uses the direct write-off method.
-At the end of January,the balance in Accounts Receivable is ________.

Question

On January 1,Davidson Services has the following balances:  Davidson has the following transactions during January: Credit sales of $100,000,collections of credit sales of $85,000,and write-offs of $15,000.Davidson uses the direct write-off method.
-At the end of January,the balance in Accounts Receivable is ________.

Quizplus · Accepted Answer

The balance in Accounts Receivable at the end of January is $24,000.

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