Question: please I need help with writing this - please give me an example 1-You have customers/clients/patients that pay you weeks or months after you have

please I need help with writing this - please give me an example

1-You have customers/clients/patients that pay you weeks or months after you have sold them goods or services.

2-you have another customer who has not paid what they owe, and it has been almost a year since your organization provided goods/services for that customer.

What is your next step, what should you do, what the effect would be on the financial statements when youwrite off the account using the allowance method to account for bad debt? ( example journal entry to write off the account)

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