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sold $500,000 goods in cash and $250,000 goods on credit. Collection of accounts receivable during the year is $100,000 . Guragai Inc. also wrote off

sold

$500,000

goods in cash and

$250,000

goods on credit. Collection of accounts receivable during the year is

$100,000

. Guragai Inc. also wrote off

$10,000

accounts receivable during 2023. What is the entry for write off of

(A)/(R)

of

$10,000

.\ COGS

->500.000

in cash\ 280,000 in Credict Bad Debt Expense

image text in transcribed
sold $500,000 goods in cash and $250,000 goods on credit. Collection of accounts receivable during the year is $100,000. Guragai Inc. also wrote off $10,000 accounts receivable during 2023. What is the entry for write off of A/R of $10,000. COGS 500.000 in cash 280,000 in credit

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