(Answered) Alpha company uses the direct write-off method of recording

Accounting

Alpha Company uses the direct write-off method of recording uncollectible accounts. On August 15, 2016, Yankee Zulu filed for bankruptcy and informed Alpha that he would be unable to pay $300 owed to Alpha. Alpha is certain that it will be unable to collect the $300. Use this information to prepare the General Journal entry (without explanation) for August 31. If no entry is required then write "No Entry Required."

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