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- Journal Entries- Writeoffs & Bad Debts ( 20 points -5 points each). Read the information presented in each question and indicate the appropriate journal

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- Journal Entries- Writeoffs \& Bad Debts ( 20 points -5 points each). Read the information presented in each question and indicate the appropriate journal entries to record these amounts. Please note that you may or may not need all of the lines in each grid. Shrute Farms, Inc. has a balance of $210,000 in accounts receivable and $14,600 in the Allowance for Bad Debts. On January 14th, Shrute determines they have an account for $6,650 that needs to be written off. Record the write-off under the allowance method. Big Red Paper Company has $175,000 of Accounts Receivable and uses the direct write-off method. On March 16th, the company realizes it will not be able to collect an account for $8,000 and it needs to be written off. Prepare the journal entry to record the write-off under the direct write-off method

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