Question: Chapter 9 - Accounting for Receivables 8 Slice, Inc. uses the direct write-off method regarding bad debts. Its customer, IT, Inc. went out of business

Chapter 9 - Accounting for Receivables 8 Slice, Inc. uses the direct write-off method regarding bad debts. Its customer, IT, Inc. went out of business owing Slice, Inc. $988. a. Record the write-off using the direct write off method. b. Assume Slice, Inc. uses the allowance method to write off bad debt. Record the journal entry to write of JT's bad debt. 6. Assume IT, Inc, ends up paying its debt to Slice. Record the payment

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