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28 Sep 2019
If the allowance method of accounting for uncollectible receivables method was used and an estimate was made at year end, Dec.31 ........what general ledger accounts are debited and credited in JANUARY when a particular customer's account is identified as uncollectible?
debit Allowance for Bad Debts; credit Accounts Receivable
debit Bad Debts Expense; credit Accounts Receivable
debit Bad Debts Expense; credit Allowance for Bad Debts
debit Bad Debts Expense; credit Allowance for Bad Debts: incorrect.
debit Accounts Receivable; credit Allowance for Bad Debts
If the allowance method of accounting for uncollectible receivables method was used and an estimate was made at year end, Dec.31 ........what general ledger accounts are debited and credited in JANUARY when a particular customer's account is identified as uncollectible?
debit Allowance for Bad Debts; credit Accounts Receivable
debit Bad Debts Expense; credit Accounts Receivable
debit Bad Debts Expense; credit Allowance for Bad Debts
debit Bad Debts Expense; credit Allowance for Bad Debts: incorrect.
debit Accounts Receivable; credit Allowance for Bad Debts
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