Which of the following entries would be the appropriate entry for writing off an uncollectible account receivable under the allowance method?
A)Dr.Bad Debt Expense Cr.Accounts Receivable
B)Dr.Sales Cr.Accounts Receivable
C)Dr.Accounts Receivable Cr.Bad Debt Expense
D)Dr.Allowance for Doubtful Accounts Cr.Accounts Receivable

Question

Quizplus · Accepted Answer

Writing off an uncollectible account receivable under the allowance method requires reducing the allowance for doubtful accounts by the amount of the uncollectible account and reducing accounts receivable by the same amount. Therefore, the appropriate entry is to debit Allowance for Doubtful Accounts and credit Accounts Receivable.

Which of the Following Entries Would Be the Appropriate Entry