Under the allowance method, to write off an account that has been determined to be uncollectible, the entry would include
A) debiting Accounts Receivable and crediting Allowance for Bad Debts.
B) debiting Bad Debt Expense and crediting Allowance for Bad Debts.
C) debiting Allowance for Bad Debts and crediting Bad Debt Expense.
D) debiting Allowance for Bad Debts and crediting Accounts Receivable.

Question

Quizplus · Accepted Answer

Under the allowance method, when an account is determined to be uncollectible, the entry is to debit Allowance for Bad Debts and credit Accounts Receivable to remove the uncollectible account from the books.

Under the Allowance Method, to Write Off an Account That