If ohio company received $2,250 as partial payment on the $5,500 account of carson mueller company and wrote off the remaining balance as uncollectible, the only difference between recording the entry under the direct write-off method and the allowance method (assuming that an adequate allowance account had been set up) would be

Explanation:

Under the direct write-off method, the journal entry would be

Bad debt expense A/c Dr

       To Accounts receivable

(Being bad debt expense is recorded)

Under the allowance method, the journal entry would be

Bad debt expense A/c Dr $

   To Allowance for Doubtful Accounts $

(Being bad debt is recorded)

The debit to bad debt expense for $3,250 ($5,500 - $2,250) under the direct write-off method instead of the debit to the Allowance for Doubtful Accounts under the allowance method

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.