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Question 1, SF8-3 (similar to) Part 2 of 2 Sheena Stone is an attorney in Los Angeles. Stone uses the direct write-off method to
Question 1, SF8-3 (similar to) Part 2 of 2 Sheena Stone is an attorney in Los Angeles. Stone uses the direct write-off method to account for uncollectible rece- May, she earned revenue of $18,000 on account and collected $23,000 on account. She also wrote off uncollectible Read the requirements. Requirement 1. Use the direct write-off method to journalize Stone's write-off of the uncollectible receivables. (Recor entry table.) Date Accounts and Explanation May 31 Bad Debts Expense Accounts Receivable Debit Credit 1,080 1,080 Wrote off an uncollectible account. Requirement 2. What is Stone's balance of Accounts Receivable at May 31, 2024? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at May 31, 2 Accounts Receivable
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