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On January 1 , Five Star Services has the following balances: Accounts Receivable $ 2 5 , 0 0 0 ( debit ) Bad Debts

On January 1, Five Star Services has the following balances:
Accounts Receivable $25,000(debit)
Bad Debts Expense $0
Five Star Services has the following transactions during January: Credit sales of $140,000, collections of credit
sales of $90,000, and write-offs of $16,000. Five Star Services uses the direct write-off method. At the end of
January, the balance of Accounts Receivable is ________.
A) $10,286
B) $59,000
C) $24,889
D) $75,000

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