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Business, 06.03.2020 16:16 Albraaalouda

At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $15,000, while the company’s total assets equal $1,450,000. In addition, the company expects to collect all of its receivables in 2022. In 2022, however, one customer owing $4,600 becomes a bad debt on March 14. Record the write off of this customer’s account in 2022 using the direct write-off method

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At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $15,000, while the company’s tot...
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