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9. ACME Company determines that the acrount of Beta Corp. far s7oo is uncoliectible. a. If ACMi wied the Direct Write-off method so acceunt for
9. ACME Company determines that the acrount of Beta Corp. far s7oo is uncoliectible. a. If ACMi wied the Direct Write-off method so acceunt for uncolecilile accounts the joumat entry to wilte otl the account k : b. If Beta Corp sends a check for $700 wiv months Luter, what entrylies) hyare made c. If ACME wied the Allowance methed to accourt for uncellectible account, the journal entry to write off an account in: d. If beta Corp sends a check for 5700 sir months luter, what entryfer) is/ace made (assume the write off is the one above, usine the Alowance method: 10. When a company is required to use the Alowance method to entimute eld debt eapense, there are 3 methods discusied in the textbook that may be used for entimating lad debt expense. a. Which method is known at an income statenent method? b. Which methods are knows an baknce sheet metbods? 1. 12. Socnetimes a seller may have a customer vign a note rrceivabie for a large purchase. How is a note receivable different from an accounts receivable
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