Question 15 On January 1. A Ptus Services has the following balances Answer save
ID: 2563799 • Letter: Q
Question
Question 15 On January 1. A Ptus Services has the following balances Answer saved Marked out of 1Bad Debts r Remove ta Accounts Receivable $25,000 (debit) A Plus Services has the following transactions during January Credt saies of $140,000 collections of credit sales of $90.000, and wnite-offs of $10,000 A Plus Services uses the direct wrte-off method. At the end of January, the balance of Accounts Receivable is Select one A $24.889 B $59.000 C.$10.286 D $65,000 E, none of the above Next page of the follo...Explanation / Answer
CALCULATE ENDING ACCOUNT RECEIVABLE :
so answer is d) $65000
Beginning account receivable 25000 Add: Credit sales 140000 Less: Collection from customers (90000) Less: Write off (10000) Ending account receivable 65000