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1 . The company determines the $ 6 5 0 debt from George's restaurant will not be collectable as the owner decided to close the
The company determines the $ debt from George's restaurant will not be collectable as the owner decided to close the restaurant. The company writes off the receivable from George's. Mike estimates the of accounts receivable AFTER the writeoff of George's account are uncollectable. Record the proper journal entry to the allowance for doubtful account and bad debt expense account. Using the accounts in the picture to create jounral entries for the above statements.
The company determines the $ debt from George's restaurant will not be collectable as the owner decided to close the restaurant. The company writes off the receivable from George's.
Mike estimates the of accounts receivable AFTER the writeoff of George's account are uncollectable. Record the proper journal entry to the allowance for doubtful account and bad debt expense account. Using the accounts in the picture to create jounral entries for the above statements.
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