At the end of $2024,$ McGuffy Company's balance for Accounts Receivable is $$25,000,$ while the company's total assets equal $$1,550,000.$ In addition, the company expects to collect all of its receivables in $2025.$ In $2025,$ however, one customer owing $$4,500$ becomes a bad debt on March $14.$

Record the write off of this customer's account in $2025$ using the direct write$-$off method. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the write off of this customer's account in $2025$ using the direct write off method.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $14,2025,,,],[,,,],[,,,],[,,,],[,,,]]$