Direct write-off method (Learning Objective 4) 510 min. Fesler Industries uses the direct write-off method to account

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Direct write-off method (Learning Objective 4) 5–10 min.

Fesler Industries uses the direct write-off method to account for bad debts. Record the following transactions that occurred during the year:

38 10 May Nov Dec Provided $1,300 of services to Beth Wilson on account.

Wrote off Beth Wilson’s $1,300 account as uncollectible.

Unexpectedly collected $1,150 from Beth Wilson on the account that had been written off. Fesler Industries does not expect to collect the remaining balance.

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