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Unformatted text preview: Solution: (a) The direct write-off method Debit Bad Debt Expense $8,375 Credit Accounts Receivable $8,375 (b) the allowance method Debit Reserve for Bad Debts (a contra asset account) Credit Accounts Receivable...
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This note was uploaded on 03/30/2011 for the course ACC 305 taught by Professor Allison during the Spring '11 term at Western Intl..
- Spring '11