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QUESTION
On January 1, A Plus Services has the following balances: Accounts Receivable $25,000 (debit) Bad Debts Expense $0 A Plus Services has the following transactions during January:...
On January 1, A Plus Services has the following balances:
Accounts Receivable $25,000 (debit)
Bad Debts Expense $0
A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000, and
writeminus−offs
of $16,000. A Plus Services uses the directwriteminus−off
method. At the end of January, the balance of Accounts Receivable is ________.