When Using the Direct Write- Off Method, the Journal Entry

question 114

Multiple Choice

When using the direct write- off method, the journal entry to write off an uncollectible account includes a credit to:

• A)Uncollectible- Account Expense.
• B)Accounts Receivable.
• C)Allowance for Uncollectible Accounts.
• D)No entry is required when using the direct write- off method.

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Definitions:

Krechevsky

Ivan Krechevsky was a psychologist who conducted research on animal behavior and learning, known for exploring concepts of hypothesis behavior in rats during problem-solving tasks.

Occasion-Setting Stimulus

A stimulus that signals whether a particular response will be reinforced, playing a role in modifying behavior based on context.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, comes to elicit a learned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, acquired through classical conditioning.