Entries to Write Off Accounts Receivable Quantum Solutions Company, a computer c

Question

Entries to Write Off Accounts Receivable Quantum Solutions Company, a computer consulting firm, has decided to write off the $33,550 balance of an account owed by a customer, Alliance Inc a. Journalize the entry to record the write-off, assuming that the direct write-off method is used. Bad Debt Expense Accounts Receivable-Alliance Inc. Feedback b. Journalize the entry to record the write-off, assuming that the allowance method is used Allowance for Doubtful Accounts Accounts Receivable-Alliance Inc. Feedback Feedback

Explanation / Answer

Answer

no particulars debit credit a bad debit expences 33550 TO account receviable alliances 33550 being bad debit written off b allowances of doubtfull debit 33550 To account recivable alliance 33550 being allowance account adjusted aganist bad debit of alliance

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.