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Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account fe uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables.

Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account fe uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account for uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables. Date February 28 Accounts Receivable Description Submit All Parts Debit What is Davenport's balance of Accounts Receivable at February 28, 2020? Credit
Transcribed Image Text:Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account for uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables. Date February 28 Accounts Receivable Description Submit All Parts Debit What is Davenport's balance of Accounts Receivable at February 28, 2020? Credit
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