23. Under the estimated bad debts method of recording bad debts, which of the fo
ID: 2561567 • Letter: 2
Question
23. Under the estimated bad debts method of recording bad debts, which of the following entries, if any, would be made to write off actual uncollectible accounts of $6,500?
a.
Allowance for Doubtful Accounts 6,500
Accounts Receivable 6,500
b.
Bad Debt Expense 6,500
Allowance for Doubtful Accounts 6,500
c.
Bad Debt Expense 6,500
Accounts Receivable 6,500
d.
no entry is needed
a.
Allowance for Doubtful Accounts 6,500
Accounts Receivable 6,500
b.
Bad Debt Expense 6,500
Allowance for Doubtful Accounts 6,500
c.
Bad Debt Expense 6,500
Accounts Receivable 6,500
d.
no entry is needed
Explanation / Answer
Ans A
a.
Allowance for Doubtful Accounts 6,500
Accounts Receivable 6,500
a.
Allowance for Doubtful Accounts 6,500
Accounts Receivable 6,500