When the allowance method of recognizing losses from uncollectible accounts is used,the entry to record the write-off of a specific account consists of a debit to
A) Uncollectible Accounts Expense and a credit to Accounts Receivable.
B) Allowance for Doubtful Accounts and a credit to Accounts Receivable.
C) Uncollectible Accounts Expense and a credit to Allowance for Doubtful Accounts.
D) Accounts Receivable and a credit to Allowance for Doubtful Accounts.

Question

Quizplus · Accepted Answer

When using the allowance method, the write-off of a specific account is recorded by debiting Allowance for Doubtful Accounts and crediting Accounts Receivable, as the expense was already estimated and recorded previously.

When the Allowance Method of Recognizing Losses from Uncollectible Accounts