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NikAS [45]
3 years ago
10

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

by its customer Acme, Inc. The company uses the direct write-off method to account for uncollectible accounts.
prepare the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
OLga [1]3 years ago
4 0

Answer:

See explanation below

Explanation:

The following will be selected in excel via the drop-down menus.

Dr; Account name = Bad debt expense/Dad debt written off $ 1200

Cr; Account name = Accounts Receivable $ 1200

The company uses the direct write-off method thus these will be the journal entries.

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