The journal entry to record the write-off on May 1 would include which of the following?
A) Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts
B) Debit to Accounts Receivable and credit to Allowance for Doubtful Accounts
C) Debit to Allowance for Doubtful Accounts and credit to Bad Debt Expense
D) Debit to Allowance for Doubtful Accounts and credit to Accounts Receivable

Question

Quizplus · Accepted Answer

When a specific account is written off, the entry is to debit Allowance for Doubtful Accounts and credit Accounts Receivable, reflecting the removal of the uncollectible amount from the accounts receivable ledger.

The Journal Entry to Record the Write-Off on May 1