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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
A municipality uses the allowance method to record uncollectible property taxes. If it decides to write off an account as uncollectible, it should:
      a.   debit bad debts expenditures; credit allowance for uncollectible property taxes
      b.   debit allowance for uncollectible property taxes; credit property taxes receivable
      c.   debit allowance for uncollectible property taxes; credit property tax revenues
      d.   debit property tax revenues; credit property taxes receivable
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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