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Flynn Company determines that it cannot collect $7,000 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a)
Flynn Company determines that it cannot collect $7,000 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a) the direct write-off method and (b) the allowance method. 1 Record the write off under the direct write-off method. 2 Record the write off under the allowance method
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