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Accounting for Bad Debts - Direct Write-Off Method Chef Nick has $48,000 of Accounts Receivable...

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Accounting for Bad Debts - Direct Write-Off Method Chef Nick has $48,000 of Accounts Receivable and used the direct write-off method to account for bad debts. On September 4th, Chef Nick realizes he will not be able to collect an account for $3,250 and it needs to be written off. Record the write-off. Account Description Date Debit Credit What is the Net Realizable Value of Chef Nick's Accounts Receivable after the write-off? I
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Chef Nick has $48,000 of Accounts Reccivable and used the direct write-off method to account for bad debts. On September 4th, Chef Nick realizes he will not be able to collect an account for $3,250 and it needs to be written off. Record the write-off. What is the Net Realizable Value of Chef Nick's Accounts Receivable after the write-off

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