On January 1,A Plus Services has the following balances:
Accounts Receivable $28,000 (debit)
Bad Debts Expense $0
A Plus Services has the following transactions during January: Credit sales of $110,000,collections of credit sales of $87,000,and write-offs of $19,000.A Plus Services uses the direct write-off method.At the end of January,the balance of Accounts Receivable is ________.

Question

Quizplus · Accepted Answer

B)Beginning balance $28,000 + Credit Sales $110,000 - Collections $87,000 - Write-offs $19,000 = $32,000

On January 1,A Plus Services Has the Following Balances