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Direct Write-off Method On July 1 Solstice Company provided $50,000 of services to P. Moore. On October 1 it determines that it cannot collect $50,000
Direct Write-off Method On July 1 Solstice Company provided $50,000 of services to P. Moore. On October 1 it determines that it cannot collect $50,000 of its accounts receivable from P. Moore. Journalize transactions for the revenue and bad debt expense using the direct write-off method to record this loss as of October 1. Date Accounts A/R 50,000 Dr. Receivables Cr. un collectable stund 2
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