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QS 7 - 5 ( Algo ) Comparing direct write - off and allowance method entries LO P 1 , P 2 Flynn Company determines

QS 7-5(Algo) Comparing direct write-off and allowance method entries LO P1, P2
Flynn Company determines that it cannot collect $7,300 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a) the direct write-off method and (b) the allowance method.
Journal entry worksheet
2
Record the write off under the direct write-off method.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[a.,,,],[,,,],[,,,],[,,,],[,,,.],[,,,]]
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