Which entry would be the correct entry to record that a not-for-profit organization collected $80,000 of the amounts pledged and wrote off $3,000 of the amounts pledged as amounts uncollectible?

Name: Which entry would be the correct entry to record that a not-for-profit organization collected $80,000 of the amounts pledged and wrote off $3,000 of the amounts pledged as amounts uncollectible?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash $80,000 + Allowance for Uncollectable $3,000 = Pledges Receivable $83,000

Which Entry Would Be the Correct Entry to Record That