The trial balance of Wentworth Ltd included the following balances: It was decided to increase the allowance account by $3 000. The journal entry to be made on that date would include a debit to:
A) Bad debts expense.
B) Accounts receivable.
C) Allowance for doubtful debts.
D) None of the above.

Question

The trial balance of Wentworth Ltd included the following balances:  It was decided to increase the allowance account by $3 000. The journal entry to be made on that date would include a debit to:
A) Bad debts expense. 
B) Accounts receivable. 
C) Allowance for doubtful debts. 
D) None of the above.

Quizplus · Accepted Answer

The Answer of The trial balance of Wentworth Ltd included the following balances:  It was decided to increase the allowance account by $3 000. The journal entry to be made on that date would include a debit to:
A) Bad debts expense. 
B) Accounts receivable. 
C) Allowance for doubtful debts. 
D) None of the above.

The Trial Balance of Wentworth Ltd Included the Following Balances