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Assume That on January 15,a Customer Who Owes Shawni Sales Allowance for uncollectible 1,000 Accounts receivable, customer account 1,000\begin{array}{llr} \text {Allowance for uncollectible } &1,000\\ \text { Accounts receivable, customer account } & &1,000\\\end{array}

Question 155

Multiple Choice

Assume that on January 15,a customer who owes Shawni sales company $1,000 is declared bankrupt by a federal court.The entry that would be made to write off this account is:


A)
Allowance for uncollectible 1,000 Accounts receivable, customer account 1,000\begin{array}{llr} \text {Allowance for uncollectible } &1,000\\ \text { Accounts receivable, customer account } & &1,000\\\end{array}

B)
 Accounts receivable 1,000 Cash 1,000\begin{array}{l}\text { Accounts receivable }&1,000 \\\text { Cash }&&1,000\end{array}

C)
 Accounts receivable 1,000 Notes receivable 1,000\begin{array}{cc}\text { Accounts receivable } & 1,000 \\\text { Notes receivable } && 1,000\end{array}

D)
 Cash 1,000 Accounts Receivable 1,000\begin{array}{ll}\text { Cash } & 1,000 \\\text { Accounts Receivable }&& 1,000\end{array}

Correct Answer:

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