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Cullumber Ltd. is a small retailer of household items in the local community. Sales are...

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Accounting

Cullumber Ltd. is a small retailer of household items in the local community. Sales are always made in exchange for cash payment. On an exception basis, the store owner decided to let a customer pay in 15 days. The amount of the sale was $46. Three months has passed, and the customer has been unreachable. The store owner has decided to write off the account receivable using the direct write-off method. What is the journal entry?
Loss on Impairment
46
Allowance for Expected Credit Losses
46
Loss on Impairment
46
Accounts Receivable
46
Allowance for Expected Credit Losses
46
Accounts Receivable
46
Allowance for Expected Credit Losses
46
Loss on Impairment
46
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