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Compute what the balance of accounts receivable is

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Reference no: EM132731263

On January? 1, Five Star Services has the following? balances:

Accounts Receivable - $24,000 ?(debit)

Bad Debts Expense - ?$0

Five Star Services has the following transactions during? January:

Credit sales of $140,000?,

collections of credit sales of $85,000?, and

write-offs of $20,000.

Problem 1: Five Star Services uses the direct write-off method. At the end of? January, the balance of Accounts Receivable is

Reference no: EM132731263

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