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Prapare the journal entry for the following: December 1 7 : Byte was informed that Mr . Madoff who has an account with the company

Prapare the journal entry for the following:

December

17

: Byte was informed that Mr

.

Madoff who has an account with the company will never pay the $

618.00

he owes. Record the transaction to write off Mr

.

Madoff's accounts receivable account using the allowance method.

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