9 2: Account for Uncollectible Accounts Using the Balance Sheet and Income Statement Approaches Business LibreTexts
The outstanding balance of $2,000 that Craft did not repay will remain as bad debt. When a specific customer has been identified as an uncollectible account, the following journal entry…
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9 2: Account for Uncollectible Accounts Using the Balance Sheet and Income Statement Approaches Business LibreTexts