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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 $120,000, collections of credit sales of $86,000, and write-offs of $20,000. Five Star Services uses the direct write-off method. At the end of January, the balance of Accounts Receivable is ________.

A.$14,333

B.$38,000

C.$27,907

D.$58,000

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The following information is needed to reconcile the cash balance for Gourmet Catering Services.

* A deposit of $5,600 is in transit.

* Outstanding checks total $1,000.

* The book balance is $6,400 at February 28, 2019.

* The bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.

* The bank balance at February 28, 2019 was $17,410.

* A deposit of $400 was credited by the bank for $4,000.

* A customer's check for $3,300 was returned for nonsufficient funds.

* The bank service charge is $90.

What was the adjusted book balance?

A.$18,500

B.$18,410

C.$17,500

D$18,590