Question: When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________. Group of answer
When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________.
Group of answer choices
debit to the Allowance for Bad Debts and a credit to Accounts Receivable
debit to Accounts Receivable and a credit to Cash
credit to Accounts Receivable and a debit to Bad Debts Expense
credit to Accounts Receivable and a debit to Interest Expense
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