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Solstice Company determines on October 1 that it cannot collect $50,000 of its accounts receivable from its customer, P. Moore. Apply the direct write-off method to record this loss as of October 1.Required:

Record the write off an account.

Date General Journal Debit Credit
Oct 01

Respuesta :

Answer:

The journal entry is shown below:

Explanation:

According to the scenario, the Journal entry for the given data are as follows:

Journal entry.

Date General Journal                        Debit                  Credit

Oct.01 Bad debts expense             $50,000  

  Accounts receivable of Cust. P. Moore                                 $50,000

               ( Being bad debt expense is being recorded)

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