On February 1,a Customer's Account Balance of $2,300 Was Deemed

question 36

Multiple Choice

On February 1,a customer's account balance of $2,300 was deemed to be uncollectible.What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

• A)Debit Bad Debts Expense $2,300;credit Accounts Receivable $2,300.
• B)Debit Allowance for Doubtful Accounts $2,300;credit Bad Debts Expense $2,300.
• C)Debit Allowance for Doubtful Accounts $2,300;credit Accounts Receivable $2,300.
• D)Debit Bad Debts Expense $2,300;credit Allowance for Doubtful Accounts $2,300.
• E)Debit Accounts Receivable $250;credit Allowance for Doubtful Accounts $2,300.

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Definitions:

Electrical System

A network of electrical components deployed to distribute, transmit, and utilize electricity effectively across various environments and devices.

Heart's Measure

An informal expression referring to the evaluation or assessment of heart function or health, possibly including heart size, capacity, or performance.

Pericardial Cavity

A fluid-filled space between the pericardium (the membrane that surrounds the heart) and the heart itself.

Beating Heart

A term describing the continuous rhythmic contraction and relaxation of the heart muscle, which pumps blood through the circulatory system.