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NEED HELP ASAP 5 The direct write-off method 1 is acceptable for financial reporting purposes. 2 debits Allowance for Doubtful Accounts to record write-offs of
NEED HELP ASAP 5
The direct write-off method
1 | is acceptable for financial reporting purposes. | |
2 | debits Allowance for Doubtful Accounts to record write-offs of accounts. | |
3 | shows only actual losses from uncollectible accounts receivable. | |
4 | estimates bad debt losses. |
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