Under the Direct Write-Off Method,what Journal Entry Is Prepared When

question 129

Multiple Choice

Under the direct write-off method,what journal entry is prepared when an account is determined to be worthless or uncollectible?

• A)debit Allowance for Uncollectible Accounts and credit Accounts Receivable
• B)debit Accounts Receivable and credit Allowance for Uncollectible Accounts
• C)debit Uncollectible-Account Expense and credit Allowance for Uncollectible Accounts
• D)debit Uncollectible-Account Expense and credit Accounts Receivable

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Definitions:

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as riding a bike.

Information-Processing Model

A cognitive approach that compares the human mind to a computer, emphasizing how information is input, processed, stored, and retrieved.

Encoding

The process by which information is transformed into a form that can be stored in memory.

Retrieval

The process of accessing and bringing into consciousness information stored in memory.