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At January 1, Davidson Services Has the Following Balances

Question 1

Multiple Choice

At January 1, Davidson Services has the following balances: 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. Davidson uses the direct write-off method. At the end of January, the balance in Accounts receivable is: A) $16,000. B) $4,000. C) $68,000. D) $28,000. 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) $16,000.
B) $4,000.
C) $68,000.
D) $28,000.

Correct Answer:

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