Under the allowance method, the entry to record a specific uncollectible account write off is a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable for the specific customer.

Question

Quizplus · Accepted Answer

This entry reduces both the Allowance for Doubtful Accounts (a contra-asset account) and the Accounts Receivable account for the specific customer, without affecting the income statement at the time of the write-off.

Under the Allowance Method, the Entry to Record a Specific