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    Accounts Receivable - Direct Write-Off Method - Journal Entries

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    The balance of Accounts receivable is $275,000. Net credit sales for the year were $771,000 and cash sales were $68,000. An analysis of accounts receivable identifies $21,400 of receivables that will NOT be collected. The company uses the direct write-off method of accounting for uncollectible accounts.

    Prepare the adjusting entry to record Uncollectible accounts expense.

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    https://brainmass.com/business/accounting/accounts-receivable-direct-write-method-journal-entries-563583

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    Answer:

    General Journal
    Date Accounts ...

    Solution Summary

    The Solution shows the journal entry to write off an uncollectible account using the direct write off method.

    $2.19