Which of the Following Entries Would Be Used to Account

question 129

Multiple Choice

Which of the following entries would be used to account for uncollectible receivables using the allowance method?

• A) Allowance for uncollectible accounts is debited and Uncollectible accounts expense is credited.
• B) Uncollectible accounts expense is debited and Allowance for uncollectible accounts is credited.
• C) Uncollectible accounts expense is debited and Accounts receivable is credited.
• D) Accounts receivable is debited and Uncollectible accounts expense is credited.

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Definitions:

Manageable Units

Dividing tasks, projects, or organizational structures into smaller, more easily controlled or handled segments.

New Product

An item or service that has been recently developed or introduced to the market.

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.