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A Company Uses the Direct Write-Off Method and Discovers a Customer's

Question 1

Multiple Choice

A company uses the direct write-off method and discovers a customer's account in the amount of $3,000 will not be paid because the customer has declared bankruptcy. What is the journal entry that would be made to record this write-off? A company uses the direct write-off method and discovers a customer's account in the amount of $3,000 will not be paid because the customer has declared bankruptcy. What is the journal entry that would be made to record this write-off? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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