Use the information above to answer the following question.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 writing off an uncollectible account, the entry is to debit Allowance for Doubtful Accounts and credit Accounts Receivable, removing the receivable from the books.

Use the Information Above to Answer the Following Question