Using the Allowance Method for Bad Debts,the End of the Period

question 215

Multiple Choice

Using the allowance method for bad debts,the end of the period adjusting entry for estimated bad debts is:

• A)Debit Bad Debts Expense and credit Accounts Receivable.
• B)Debit Allowance for Doubtful Accounts and credit Accounts Receivable.
• C)Debit Accounts Receivable and credit Allowance for Doubtful Accounts.
• D)Debit Allowance for Doubtful Accounts and credit Bad Debts Expense.
• E)Debit Bad Debts Expense and credit Allowance for Doubtful Accounts.

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