What would be the journal entry to write off the account
Problem
Clayton Company uses the direct write-off method to account for uncollectibles, as the amounts are not material to the company. A $3,000 account receivable was written off. What would be the journal entry to write off the account?
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As the amounts are not material to the company. A $3,000 account receivable was written off. What would be the journal entry to write off the account?
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