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The direct write-off method of accounting for bad debts records the loss from an uncollectible account receivable when it is determined to be uncollectible. O O True False 2020 M an And 13. The accounts receivable turnover indicates how often accounts receivable are received and collected during the period. O True O False 23. On February 1 a customer's account balance of $2.300 was deemed to be uses the allowance method? collectible. What entry should be recorded on February 1 to record the write-off assuming the company O Debit Bed Debts Expense 52,300 credit Allowance for Doubtful Accounts $2,300 O Debit Accounts Receivable $250. credit Allowance for Doubtful Accounts $2300 O Debit Allowance for Doubtful Accounts 52.300 credit Accounts Receivable 32300 O Debit Allowance for Doubtful Accounts $2.300.credit Bad Debts Expense $2,300 O Debit Bed Debts Expense 52.300 credit Accounts Receivable $2.300 33. Companies use two methods to account for uncollectible accounts, the direct write-off method and the allowance method. O True O False