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What is the direct write-off method

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Question: Refer to the information in QS. On May 30, P. Carroll unexpectedly paid his account in full to Krugg Company. Record Krugg's entry(ies) to reflect this recovery of this bad debt.

QS: Krugg Company determines on May 1 that it cannot collect $1,000 of its accounts receivable from its customer P. Carroll. Apply the direct write-off method to record this loss as of May 1.

Reference no: EM131533651

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