To Write Off a Transaction That Was Charged a Sales

question 11

Multiple Choice

To write off a transaction that was charged a sales tax,use:

• A)A journal entry to move the customer's balance (credit)to the Bad Debt Expense account (debit)
• B)A journal entry to move the customer's balance (credit)to Allowance for Uncollectible Accounts (debit)
• C)The Receive Payments window (Discount Info button)
• D)The Credit Memo window

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Definitions:

External Goal

An objective or target set by external factors or individuals, as opposed to personal ambitions or desires.

Individual Identifies

The process by which a person recognizes or establishes their own characteristics, values, or beliefs as distinct from others.

Illusion Transparency

The tendency to overestimate the extent to which our personal mental state is known by others.

Honest

Characterized by truthfulness, integrity, and straightforwardness in actions and statements.