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7) You have a $15,000 balance in Account Receivable that consists of the following accounts: Account Receivable Customer 1 $ 2,500 Customer 2 $ 2,300
7) You have a $15,000 balance in Account Receivable that consists of the following accounts: Account Receivable Customer 1 $ 2,500 Customer 2 $ 2,300 Customer 3 $ 2,300 Customer 4 $ 3,500 Customer 5 $ 4,400 $ 15,000 Total Balance in A/R a) You've just received notice that Customer 3 & 4 have filed for bankruptcy. Under the Direct Write-Off Method, prepare the financial statements below to reflect this information. Balance Sheet Assets = Liabilities + Equity Stmt of R/E Income Stmt $0 $0 $0 $0 $0 Assets Liabilities & Equity
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