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.
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Davidson uses the direct write-off method.At the end of January,the balance in Accounts receivable is:
Definitions:
Consent Decree
A legal agreement that resolves a dispute between two parties without an admission of guilt and is approved by a judge.
Market Power
The ability of a firm or group of firms to influence or control prices and total market output.
AstraZeneca
A global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines.
Eli Lilly
A multinational pharmaceutical company known for the discovery, development, and sales of pharmaceutical products.
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