The Sanchez Computer Center currently has an $10,900 balance in Accounts Receivable. Here is a current schedule
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The Sanchez Computer Center currently has an $10,900 balance in Accounts Receivable. Here is a current schedule of Accounts Receivable:
Sanchez Computer Center | |
Schedule of Account Receivable | |
March 31, 201X | |
Taylor Golf | $3,200 |
Vita Needle | 6,800 |
Accu Pac | 900 |
Total | $10,900 |
Although Accu Pac's account is not 90 days past due, Freedman has determined that it is necessary to write off the entire balance because the business has been foreclosed. Make the necessary journal entry using the direct write-off method.
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