On January 1, the balance of accounts receivable was $120,000 and the allowance for doubtful accounts $5,000 credit. During the month, company sold merchandise on account $10,000, collected accounts receivable for $60,000, and wrote off accounts receivable for $3,000. The ending balance of allowance for doutful accounts is a. O. $8,000 $2,000 $6,000 $4,000 O c. O d. Next page