On January 1, Davidson Services Has the Following Balances

question 90

Multiple Choice

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 Bad Debts Expense is:

• A)$16,000.
• B)$17,000.
• C)$12,000.
• D)$15,000.

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