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Solstice Company determines on October 1 that it cannot collect $65,000 of its accounts receivable from its customer, P. Moore. Apply the direct write-off method to record this loss as of October 1. Required:
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19 votes
19 votes
Solstice Company determines on October 1 that it cannot collect $65,000 of its accounts receivable from its customer, P. Moore. Apply the direct write-off method to record this loss as of October 1.

Required:
Record the write off an account.

User Aorr
by
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1 Answer

14 votes
14 votes

Answer:

Dr Bad Debt Expense $65,000

Cr Accoutn Receivable $65,000

Step-by-step explanation:

Preparation of the journal entry to Record the write off an account.

Based on the information given the appropriate journal entry to Record the write off an account be is :

Dr Bad Debt Expense $65,000

Cr Accoutn Receivable $65,000

(To Record write off an account)

User Andrew Davis
by
3.1k points
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