Question: Quantum Technologies, a computer consulting firm, has decided to write off the $13,000 balance of an account owed by a customer. Illustrate the effects on

Quantum Technologies, a computer consulting firm, has decided to write off

Quantum Technologies, a computer consulting firm, has decided to write off the $13,000 balance of an account owed by a customer. Illustrate the effects on the accounts and finan- cial statements to record the write-off (a) assuming that the direct write-off method is used, and (b) assuming that the allowance method is used

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