Thread: Delete this.
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Old 10-26-2012, 07:42 PM   #3
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Join Date: Nov 2010
Location: Texas
Posts: 956
Default Re: Delete this.

Krugg Company determines on May 1 that it cannot collect $1,000 of its accounts receivable from its customer P. Carroll. Apply the direct write-off method to record this loss as of May 1.
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