Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becomes clear that the customer will never pay. The entry to record the write-off will:
A. not affect expenses in 2019.
B. decrease total assets by $640.
C. decrease net income in 2019 by $640.
D. decrease net accounts receivable by $640.
Answers: 1
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Business, 23.06.2019 00:50
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Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer a...
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