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:

Dinitrophenol

A class of organic compounds that contain a phenol ring and two nitro groups, known for their use in biochemistry and weight loss.

Dinitrochlorobenzene

An aromatic compound with two nitro groups and one chloro group attached to a benzene ring, used in the manufacture of dyes and explosives.

Protonation

The addition of a proton (H+) to an atom, molecule, or ion, usually increasing its net positive charge.

Sodium Hydroxide

A strong base and alkali that is highly soluble in water, forming caustic solutions, commonly used in many industrial and laboratory processes.