Question: Intermountain Technologies, a computer consulting firm, has decided to write off the $11,575 balance of an account owed by a customer. Illustrate the effects on

Intermountain Technologies, a computer consulting firm, has decided to write off the $11,575 balance of an account owed by a customer. Illustrate the effects on the accounts and financial statements to record the write-off

(a) Assuming that the direct write-off method is used, and

(b) Assuming that the allowance method is used.

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