Joe Is a Customer of Hopts,Inc

question 58

Multiple Choice

Joe is a customer of Hopts,Inc.His current balance due is $1,560.It has been determined that he defaulted on his account.If the company uses the direct write-off method,what entry is necessary to write off the $1,560?

• A)No entry will be necessary.
• B)Debit Accounts Receivable/Joe;credit Bad Debt Expense.
• C)Debit Bad Debt Expense;credit Accounts Receivable/Joe.
• D)Debit Bad Debt Expense;credit Allowance for Doubtful Accounts.

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Government and military activities and structures designed to protect a country against threats and maintain its sovereignty.

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The fundamental investigation into the principles and reasons behind observable phenomena, without targeted applications.

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Classification of goods based on characteristics such as excludability, rivalry in consumption, and whether they are public, private, common, or club goods.