The Austin Co., which uses an Allowance for Doubtful Accounts, had the following transactions in…

The Austin Co., which uses an Allowance for Doubtful Accounts, had the following transactions in…

The Austin Co., which uses an Allowance for Doubtful Accounts, had the following transactions in 2013 and 2014: a. Journalize the transactions. (The Austin Co. uses the income statement approach to estimate bad debts.) b. Journalize how Austin Co. would record the Mike Catuc bad debt situation if the direct write-off method were used.

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