Woodland Company uses the allowance method to account for bad debts.During 2009,a customer became bankrupt and a receivable of $10,000 was deemed uncollectible.Which of the following journal entries records the uncollectible account write-off?
A) Allowance for doubtful accounts
Accounts receivable
B) Bad debt expense 10,000
Allowance for doubtful accounts 10,000
C) Allowance for doubtful accounts 10,000
Bad debt expense 10,000
D) Loss on receivables 10,000
Accounts receivables 10.000
Correct Answer:
Verified
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