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Task #3 - Accounts Receivable - Direct Write-off Method: Save of Food Inc. had the following events occur in 2024 and 2025 in relation to
Task #3 - Accounts Receivable - Direct Write-off Method: Save of Food Inc. had the following events occur in 2024 and 2025 in relation to accounts receivable. Notes: Assume that the allowance for doubtful accounts was at balance of $0 on Dec 1, 2024. SOF already had made previous sales on account that were still outstanding as of Dec 1, 2024. Customer Sale Date Amount Joey Nov 1, 2024 $ 400 Milu Nov 1, 2024 $ 100 Regina Pho Oct 1, 2024 $ 40 THESE SALES HAVE ALREADY HAD THERE INITIAL ACCOUNTING RECORDED. Events: 1) On Dec 1, 2024 SOF made the following sales on account: Customer Sale Date Amount Browns Social House Dec 1, 2024 $
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