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Aries Company uses the direct write- off method to account for uncollectible accounts. On August 1, 2021 Aries Company decided to write-off accounts worth $5,000.

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Aries Company uses the direct write- off method to account for uncollectible accounts. On August 1, 2021 Aries Company decided to write-off accounts worth $5,000. The journal entry to record the transaction on August 1 will include: * Debit Accounts Receivable $5,000. O Debit Allowance for Doubtful Account $5,000. Debit Bad Debt Expense $5,000. Credit Cash $5,000. None of the above

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