Assume Jones Company determines it will not be able to collect $500 from Customer Joe Smith for sale of merchandise on account. The journal entry to write off the amount using the direct write off method would be:

Answer and Explanation:

Given:

Amount not recovered = $500

                   In the books of (Jones Company)

                               journal entry

Date       Account Title and Explanation        Debit    Credit

           Bad Debt Expense         A/c     Dr         $500

           Accounts Receivable     A/c     Cr                        $500

(Being Sale of $500 not recovered from Joe smith)

the answer is b. the events might happen and are based on crimes.

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: