Raymond Repair Services Company uses the direct charge-off method to record uncollectible accounts. On January 15, 2014, the company learned that Caroline Smith, a customer who owed $380, had moved and left no forwarding address. Raymond concluded that no part of the debt was collectible. Prepare the general journal entry to write off the account.

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The Answer of Raymond Repair Services Company uses the direct charge-off method to record uncollectible accounts. On January 15, 2014, the company learned that Caroline Smith, a customer who owed $380, had moved and left no forwarding address. Raymond concluded that no part of the debt was collectible. Prepare the general journal entry to write off the account.

Raymond Repair Services Company Uses the Direct Charge-Off Method to Record