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8 Assume that a company uses the Allowance method and wites off a receivable from a customer. If the amount written off is greater than

image text in transcribed 8 Assume that a company uses the Allowance method and wites off a receivable from a customer. If the amount written off is greater than the existing balance in the Alowance for Doubl accounts the Multys Chase The ending balance of the allowance account before adjustment will be a credit The allowance method cannot be used The ending balance of the allowance account before adjustment will be a debit The direct we off method cannot be used. The company must wait unts the flowing months to write off the receivable

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