Unformatted text preview: Specific Write-Off Method - The specific write-off method assumes that all
sales are fully collectible until proved otherwise - When a company identifies a specific customer account as uncollectible, it reduces the Accounts
Receivable - Thejournal entry for the write-off of a specific
Account Receivable of $40,000 is: Bad debts expense 40,000
Accounts receivable 40,000 ...
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- Fall '07
- Financial Accounting