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2S 7-5 (Algo) Comparing direct write-off and allowance method entries LO P1, P2 Iynn Company determines that it cannot collect $7,900 of its accounts receivable
2S 7-5 (Algo) Comparing direct write-off and allowance method entries LO P1, P2 Iynn Company determines that it cannot collect $7,900 of its accounts receivable from its customer, MDC. Record the journal entry equired of Flynn under ( a ) the direct write-off method and (b) the allowance method. Journal entry worksheet Record the write off under the direct write-off method. Note: Enter debits before credits. 2S 7-5 (Algo) Comparing direct write-off and allowance method entries LO P1, P2 Iynn Company determines that it cannot collect $7,900 of its accounts receivable from its customer, MDC. Record the journal entry equired of Flynn under ( a ) the direct write-off method and (b) the allowance method. Journal entry worksheet Record the write off under the allowance method. Note: Enter debits before credits
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