Prepare the journal entries to record the following transactions using the write-off method directly for bad debts:

October 2 Received payment of receivables amounting to Rp. 600,000 from Rani Elisa and wrote off the remaining receivables amounting to Rp. 1,350,000 which is considered uncollectible.
December 20 Re-recorded Rani Elisa's receivables which had been written off and received cash for payment of the remaining receivables of Rp. 1,350,000

Answer rating: 100% (QA)

October 2 Debit Cash or Bank Rp 600000 Debit Bad Debt Expense Rp 1350000 Credit Account... View the full answer