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Marco Polo Supplies uses the DIRECT WRITE-OFF METHOD for recording Bad Debts Expense. Accounts Receivable had an $18,500 balance. Record these entries for the
Marco Polo Supplies uses the DIRECT WRITE-OFF METHOD for recording Bad Debts Expense. Accounts Receivable had an $18,500 balance. Record these entries for the bad debt in the years 2028 and 2029. 2028 May 20 Wrote off Jackson Stewart's account for $625 July 29 Wrote off Marc Whipp's account for $970 2029 Sep 12 Marc Whipp paid bad debt of $970 that was written off July 29. Nov 13 Wrote off Sean Trax's account as uncollectible, $350. Dec 18 Wrote off Ivana Carr's account for $1,350 due from sales made on account in 2027. Format B I UA 80 + v Date General Journal Accounts and Explanations Page 10 Debit Credit
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