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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
A company uses the allowance method and expects not to collect $21,000 of sales. The journal entry to record the estimated bad debt is:
A) Bad Debt Expense   $21,000
Allowance for Doubtful Accounts   $21,000

B) Allowance for Doubtful Accounts   $21,000
Accounts Receivable                           $21,000

C) Allowance for Doubtful Accounts   $21,000
Bad Debt Expense                                $21,000

D) Accounts Receivable   $21,000
Allowance for Doubtful Accounts   $21,000
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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7 years ago
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upton Author
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