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Assume that ABC Company sells primarily for cash and on June 10, 2010, a customer owing $1, 500 was written off. T/F T The entry
Assume that ABC Company sells primarily for cash and on June 10, 2010, a customer owing $1, 500 was written off. T/F T The entry to -write off the $1, 500 would be a debit bad debt expense and credit to accounts receivable. T/F _____ the direct write off method would need an adjusting, entry at the end of the period? T/F ____ the direct write off method to GAAP since it follows the matching principle
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