O'Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer's uncollectible account as a bad debt. To record this transaction, O'Brien Brewery recorded a debit to Bad Debt Expense, whereas Delgado Vintage Wines recorded a debit to Allowance for Doubtful Accounts. What is the difference between these two companies? O O'Brien Brewery uses the actor write-off method for uncollectible accounts, whereas Delgado Vintage Wines uses the direct write-off method for uncollectible accounts. O O'Brien Brewery uses the allowance method for uncollectible accounts, whereas Delgado Vintage Wines uses the factor write-off method for uncollectible accounts. O O'Brien Brewery uses the direct write-off method for uncollectible accounts, whereas Delgado Vintage Wines uses the allowance method for uncollectible accounts. O O'Brien Brewery uses the allowance method for uncollectible accounts, whereas Delgado Vintage Wines uses the direct write-off method for uncollectible accounts.

O'Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer's uncollectible account as a bad debt. To record this transaction, O Brien Brewery recorded a debit to Bad Debt Expense, whereas Delgado Vintage Wines recorded a debit to Allowance for Doubtful Accounts. What is the difference between these two companies? O'Brien Brewery uses the Jactor write-off method for uncollectible accounts, whereas Delgado Vintage Wines uses the direct write-off method for uncollectible accounts. OBrien Brewery uses the al lowance method for uncollectible accounts, whereas Delgado Vintage Wines uses the factor Write-off method for uncollectible accounts. O'Brien Brewery uses the direct write-off method for uncollectible accounts, whereas Delgado Vintage Wines uses the allowance method for uncollectible accounts. OBrien Brewery uses the allowance method for uncollectible accounts, whereas Delgado Vintage Wines uses the direct write-off method for uncollectible accounts. Current Attempt in Progress At December 31, 2024, Carla Vista Imports reported this information on its balance sheet. During 2025, the company had the following transactions related to receivables. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Uist alf debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)