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Accounts Receivable
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universalcpareview.com
What is the journal entry to write-off a receivable? - Universal CPA Review
Assuming the allowance method is being used, you would have an allowance for doubtful account reserve already established. To write-off the receivable, you would debit allowance for doubtful accounts and then credit accounts receivable. The visual below also includes the journal entry necessary to record bad debt expense and establish the ...
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