Journal entry to write off the amount would be, Accounting Basics

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Journal entry to write off the amount would be

Question: Ballman Company determines that it cannot collect a total of $300 from a customer. Using the allowance method, the journal entry to write off the amount would be: ANSWER Date Accounts Debit Credit Accounts Receivable 300 Allowance for Bad Debts 300 Date Accounts Debit Credit Bad Debts Expense 300 Accounts Receivable 300 Date Accounts Debit Credit Type here to search

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Accounting Basics: Journal entry to write off the amount would be

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