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The Stinson Company applies the allowance method for accounts receivables. It had accounts receivable of $100,000 as of 1/1/20x9. The transactions impacting accounts receivable for

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The Stinson Company applies the allowance method for accounts receivables. It had accounts receivable of $100,000 as of 1/1/20x9. The transactions impacting accounts receivable for the first 9 months were credit sales of $750,000 and cash collections of $700,000. There was also a write-off of $5,000 in September. What is the ending balance of the "accounts receivable" in September? $150,000 $55,000 $145,000 $50,000

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