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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Joe is a customer of Hopts, Inc. His current balance due is $1,560. It has been determined that he defaulted on his account. If the company uses the direct write-off method, what entry is necessary to write off the $1,560?
A) No entry will be necessary.
B) Debit Accounts Receivable/Joe; credit Bad Debt Expense.
C) Debit Bad Debt Expense; credit Accounts Receivable/Joe.
D) Debit Bad Debt Expense; credit Allowance for Doubtful Accounts.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
Just got PERFECT on my quiz
lubennick
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Yesterday
Helped a lot
smi3
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2 hours ago
Thanks
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