On January 1,Five Star Services Has the Following Balances: Accounts

question 186

Multiple Choice

On January 1,Five Star Services has the following balances: Accounts Receivable $26,000 (debit)
Bad Debts Expense $0
Five Star Services has the following transactions during January: Credit sales of $100,000,collections of credit sales of $87,000,and write-offs of $18,000.Five Star Services uses the direct write-off method.At the end of January,the balance of Accounts Receivable is ________.

• A) $15,660
• B) $21,000
• C) $20,690
• D) $39,000

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