Simon Paul is an attorney in Los Angeles. Paul uses the direct write-off method to...
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Accounting
Simon Paul is an attorney in Los Angeles. Paul uses the direct write-off method to account for uncollectible receivables. At April 30 , 2024 , Paul's accounts receivable totaled $21,000. During May, he earned revenue of $23,000 on account and collected $19,000 on account. He also wrote off uncollectible receivables of $2,300 on May 31,2024 . Read the requirements. Requirement 1. Use the direct write-off method to journalize Paul's write-off of the uncollectible receivables. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
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