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29 (1 point) On March 31, 20X1, Carter Company wrote off the $500 account of James Walker as uncollectible. The company uses the direct charge-off
29 (1 point) On March 31, 20X1, Carter Company wrote off the $500 account of James Walker as uncollectible. The company uses the direct charge-off method. What account is debited and what account is credited to record the write-off? debit Uncollectible Accounts Expense; credit Accounts Receivable/James Walker debit Allowance for Uncollectible Accounts; credit Accounts Receivable/James Walker debit Uncollectible Accounts Recovered; credit Accounts Receivable/James Walker debit Accounts Receivable/James Walker; credit Uncollectible Accounts Expense
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