1 points QUESTION 12 In March 2012, after trying unsuccessfully to collect for n

Question

1 points QUESTION 12 In March 2012, after trying unsuccessfully to collect for nearly two years, Kirby Co. wrote the $250 account of Poole off as uncollectible. In August 2012, Poole sent a check for $100 "on account. Assuming Kirby Co. uses the allowance method, which of the following entries should it make upon recelpt of the $100 check? No further checks are expected from Poole OA. Cash 100 100 Allowance for Uncollectible Accounts B. Accounts Receivable (Poole) 250 Allowance for Uncollectible Accounts Cash 100 100 100 OC Accounts Receivable (Foole 100 Allowance for Uncollectible Accounts 100 100 100 D. Cash 100 Accounts Receivable (Poole) Click Save and Submit to sque and submit. Save and S

Explanation / Answer

Q12) Option B is Correct

Account Receivable 250

Allowance for Uncollectible Account 250

Cash 100

Account recivable 100

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