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Andrei [34K]
2 years ago
15

If an account receivable balance previously written off using the direct write-off method is later collected in full, the entry

to record the payment must include a credit to:
Business
1 answer:
chubhunter [2.5K]2 years ago
4 0

The entry to record the payment of an account receivable balance with direct write-off method must include a credit bad debt expense .

<h3>What is bad debt expense ?</h3>

A bad debt expense  can be regarded as the expenses that us recorded when receivable is no longer collectible .

This is because a customer is unable to pay an outstanding debt  as a result of different reasons such as bankruptcy or other financial problems.

Learn more about bad debt expense at;

brainly.com/question/25654164

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3 years ago
A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to
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5 0
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