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:

Anecdotes

Short, often amusing or interesting stories about a real incident or person, typically used to illustrate a point.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes unconscious motives and conflicts.

Sigmund Freud

An Austrian neurologist known as the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychotherapist.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.