3. Your business receives notification from Vanguard Office Supplies they are closing their doors and the...

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3. Your business receives notification from Vanguard Office Supplies they are closing their doors and the $2,700 AR with you cannot be paid. You make several attempts to collect, but finally decide it is time to write it off. You use the direct write-off method. a. Prepare the journal entry to write off the AR. b. The Vanguard family suddenly sends you a check for half of what they owed you. Journalize the necessary entries for this payment. 3. Your business receives notification from Vanguard Office Supplies they are closing their doors and the $2,700 AR with you cannot be paid. You make several attempts to collect, but finally decide it is time to write it off. You use the direct write-off method. a. Prepare the journal entry to write off the AR. b. The Vanguard family suddenly sends you a check for half of what they owed you. Journalize the necessary entries for this payment.

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a To write off the 2700 accounts receivable using the direct writeoff method the following journal e... View the full answer