A company uses the direct write-off method and discovers a customer's account in the amount of $3,000 will not be paid because the customer has declared bankruptcy. What is the journal entry that would be made to record this write-off?
A) Option A
B) Option B
C) Option C
D) Option D

Question

A company uses the direct write-off method and discovers a customer's account in the amount of $3,000 will not be paid because the customer has declared bankruptcy. What is the journal entry that would be made to record this write-off? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

The Answer of A company uses the direct write-off method and discovers a customer's account in the amount of $3,000 will not be paid because the customer has declared bankruptcy. What is the journal entry that would be made to record this write-off? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

A Company Uses the Direct Write-Off Method and Discovers a Customer's