At 1 January, Davidson Services Has the Following Balances

question 117

Multiple Choice

At 1 January, 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)$4 000.
• B)$68 000.
• C)$16 000.
• D)$28 000.

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