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Frederick and Sons is a small company that makes faucets rings. They have experienced a larger than normal bad debts due to the slowdown in
Frederick and Sons is a small company that makes faucets rings. They have experienced a larger than normal bad debts due to the slowdown in the economy. Koehler Corporation is a multimillion-dollar Corporation that makes faucets and other plumber supplies is also experiencing bad debt losses. What method would each company use when writing off customers accounts unable to pay and why? Give an entry for each when actually writing off a customers account.
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