Question: Acropolis Company, a computer consulting firm, has decided to write off the $12,950 balance of an account owed by a customer, Aaron Guzman. Journalize the

Acropolis Company, a computer consulting firm, has decided to write off the $12,950 balance of an account owed by a customer, Aaron Guzman. Journalize the entry to record the write-off, assuming that

(a) The direct write-off method is used and

(b) The allowance method is used.

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