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At the end of 2018 Worthy Co s balance for Accounts Receivable is $20000 while the company s total assets equal $1500000 In addition the company expects to collect all of its receivables in

At the end of 2018, Worthy Co. s balance for Accounts Receivable is $20,000, while the company s total assets equal $1,500,000. In addition, the company expects to collect all of its receivables in 2019. In 2019, however, one customer owing $2,000 becomes a bad debt on March 14. Record the write off of this customer s account in 2019 using the direct write-off method.

May 17 2020 View more View Less

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