Solstice Company determines on October 1 that it cannot collect $65,000 of its accounts receivable from its customer P. Moore. Apply the direct write-off method to record this loss as of October 1.

Solstice Company determines on October 1 that it cannot collect $65,000 of its accounts receivable from its customer P. Moore. Apply the direct write-off method to record this loss as of October 1.

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