Flynn Company determines that it cannot collect $8,200 of its accounts receivable from its customer, MDC....
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Flynn Company determines that it cannot collect $8,200 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a) the direct write-off method and (b) the allowance method. Flynn Company determines that it cannot collect $8,200 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a) the direct write-off method and (b) the allowance method.
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