When a company is using the direct write-off method, and an account is written off, the...

When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________.

Group of answer choices

debit to the Allowance for Bad Debts and a credit to Accounts Receivable

debit to Accounts Receivable and a credit to Cash

credit to Accounts Receivable and a debit to Bad Debts Expense

credit to Accounts Receivable and a debit to Interest Expense

Solutions

Expert Solution

Answer)credit to Accounts Receivable and a debit to Bad Debts Expense

under direct write off method no allowance is created and the bad account is written off directly to bad debts expense

ekkarill92 answered 2 years ago

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