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
B) $21,000
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