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Slide21 - Specific Write-Off Method The specific write-off...

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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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