On January 1,A Plus Services has the following balances: Accounts Receivable $25,000 (debit)
Bad Debts Expense $0
A Plus Services has the following transactions during January: Credit sales of $140,000,collections of credit sales of $90,000,and write-offs of $16,000.A Plus Services uses the direct write-off method.At the end of January,the balance of Accounts Receivable is ________.

Question

Quizplus · Accepted Answer

Beginning balance $25,000 + Credit Sales $140,000 - Collections $90,000 - Write-offs $16,000 = $59,000

On January 1,A Plus Services Has the Following Balances: Accounts