Which of the following is the general journal entry to provide for estimated bad debts under the allowance method?
A) Debit allowance for doubtful debts; credit bad debts expense
B) Debit bad debts expense; credit allowance for doubtful debts
C) Debit accounts receivable; credit bad debts expense
D) Debit bad debts expense; credit accounts receivable
Correct Answer:
Verified
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