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Joyce Corp. uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible. The write off of the account
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Joyce Corp. uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible. The write off of the account will include which of the following entries?

User Nikunj Kabariya
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1 Answer

5 votes

Answer:

The Write off will include Following accounts

Allowance of Uncollected Account

and

Accounts Receivable

Step-by-step explanation:

The Entry for Write off will be as follows:

Dr. Cr.

Allowance of Uncollected Account $20,000

Accounts Receivable $20,000

User Menelaos
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