Maria Rivera, owner of Rivera Pharmacy, uses the direct write off method in accounting for uncollectible accounts. Record the following transactions in general journal form Wrote off s2,240 ewed by Joe Balouka, who has no assets. Wrote off 1,480 ewed by Alce Rose, who declared * bankruptey 88 00 00

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 6SEA: DIRECT WRITE-OFF METHOD Maria Rivera, owner of Rivera Pharmacy, uses the direct write-off method in...
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Direct Write-off Method
Maria Rivera, owner of Rivera Pharmacy, uses the direct write-
off method in accounting for uncollectible accounts. Record the
following transactions in general journal form:
y Wrote off $2,240 owed by Joe Balouka, who has no
20
assets.
n Wrote off $1,480 owed by Alice Rose, who declared
bankruptey.
Page
DATE
Accou m
D CRE
RE.
Transcribed Image Text:Direct Write-off Method Maria Rivera, owner of Rivera Pharmacy, uses the direct write- off method in accounting for uncollectible accounts. Record the following transactions in general journal form: y Wrote off $2,240 owed by Joe Balouka, who has no 20 assets. n Wrote off $1,480 owed by Alice Rose, who declared bankruptey. Page DATE Accou m D CRE RE.
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