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Assume that a company has determined that a $5,500 receivable from West Inc is uncollectable. The company has the following balances prior to the write-off:
Assume that a company has determined that a $5,500 receivable from West Inc is uncollectable. The company has the following balances prior to the write-off: Accounts receivable: $1,509,030 Allowance for doubtful accounts: $22,600 Required:
Prepare the journal entry to write off the accounts receivable and show the impact on accounts receivable before and after the adjustment.
Prepare the journal entry to write off the accounts receivable:
Before West Inc Write OFF After West Inc Write OFF
Acc reciev
AFDA
NET AC RECIEV.
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