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Roe's Renovations utilizes the direct write-off method of accounting for uncollectible receivables. On September 15, the company is notified by the attorneys for Jacob Marley
Roe's Renovations utilizes the direct write-off method of accounting for uncollectible receivables. On September 15, the company is notified by the attorneys for Jacob Marley that Jacob Marley is bankrupt and no cash is expected in the liquidation. Required: Write off the $6,085 of accounts receivable due from Jacob Marley. Refer to the Chart of Accounts for exact wording of account titles. Journalize the transaction on September 15. Refer to the Chart of Accounts for exact wording of account titles. DATE DESCRIPTION 1 2 JOURNAL PAGE 1 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
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