Countryside Corporation uses the allowance method.Countryside writes off a $350 customer account balance when it becomes clear that the customer will never pay.Countryside Corporation should debit:
A) Bad Debt Expense and credit Accounts Receivable for $350.
B) Allowance for Doubtful Accounts and credit Accounts Receivable for $350.
C) Bad Debt Expense and credit Cash for $350.
D) Accounts Receivable and credit Bad Debt Expense for $350.

Question

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The Answer of Countryside Corporation uses the allowance method.Countryside writes off a $350 customer account balance when it becomes clear that the customer will never pay.Countryside Corporation should debit:
A) Bad Debt Expense and credit Accounts Receivable for $350.
B) Allowance for Doubtful Accounts and credit Accounts Receivable for $350.
C) Bad Debt Expense and credit Cash for $350.
D) Accounts Receivable and credit Bad Debt Expense for $350.

Countryside Corporation Uses the Allowance Method