23. Under the estimated bad debts method of recording bad debts, which of the fo

Question

23.       Under the estimated bad debts method of recording bad debts, which of the following entries, if any, would be made to write off actual uncollectible accounts of $6,500?

a.

Allowance for Doubtful Accounts       6,500

    Accounts Receivable                                6,500

b.

Bad Debt Expense                         6,500

    Allowance for Doubtful Accounts                  6,500

c.

Bad Debt Expense                         6,500

    Accounts Receivable                                6,500

d.

no entry is needed

a.

Allowance for Doubtful Accounts       6,500

    Accounts Receivable                                6,500

b.

Bad Debt Expense                         6,500

    Allowance for Doubtful Accounts                  6,500

c.

Bad Debt Expense                         6,500

    Accounts Receivable                                6,500

d.

no entry is needed

Explanation / Answer

Ans A

a.

Allowance for Doubtful Accounts       6,500

    Accounts Receivable                                6,500

a.

Allowance for Doubtful Accounts       6,500

    Accounts Receivable                                6,500

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.