On June 1, Perfect Performance Cell Phones sold $22,000 of merchandise to Andrew Trucking Company on account. Andrew foil on hard times and on July 15 paid only $7,000 of the account receivable. After repeated attempts to collect, Perfect Performance finally wrote off its accounts receivable from Andrew on September 5, Six months later, March 5, Perfect Performance received Andrew's check for $15,000 with a note apologizing for the late payment. Read the requirements. Now journalize the collection from Andrew. Journalize the transactions for Perfect Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. What are some limitations that Perfect Performance will encounter when using the direct write-off method? Requirement 2. What are some limitations that Perfect Performance will encounter when using the direct write off method? A. Perfect Performance will encounter limitations with the direct write-off method because it violates the matching principle. The matching principle requires that the expense of collectible accounts be matched with the related revenue. B. Perfect Performance will encounter limitations with the direct write-off method because it is complicated and very costly to implement. C. Perfect Performance will encounter limitations with the direct write-off method because it will result in understating profits and net assets every year the method is used. D. Perfect Performance will not encounter any limitations with the direct write-off method because it adheres to the matching principle by matching the expense of uncollectible accounts with the related revenue