Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account fe uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables.

Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account fe uncollectible receivables. At January 31, 2020, Davenport's accounts receivable totaled $18,297. During February, she earned revenue of $20,087 on account and collected $23,961 on account. She also wrote off uncollectible receivables of $1,480 on February 28, 2020. Use the direct write-off method to journalize Davenport's write-off of the uncollectible receivables.

Name: 4 Joyce Davenport is an attorney in New York. Davenport uses the direc
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Description: 4 Joyce Davenport is an attorney in New York. Davenport uses the direct write-off method to account foruncollectible receivables.At January 31, 2020, Davenport's accounts receivable totaled $18,297.During February, she earned revenue of $20,087 on ac

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Applying the direct write-off method to account for uncollectibles Shawm Valley is an attorney in Los Angeles. Valley uses the direct write-off method to account for uncollectible receivables. On April 30, 2018, Valley’s accounts receivable totaled $1 9,000. During May, she revenue of $22,000 on the account and collected $15,000 on the account. She also wrote off uncollectible receivables of $1,100 on May 31, 2018. Requirements Use the direct write-off method to journalize Valley’s write-off of the uncollectible receivables. What is Valley’s balance of Accounts Receivable on May 31, 2018?
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