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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 notice was received from Mary, who is a customer, that she was bankrupt. If using an allowance method, the entry to write-off her balance of $1,250 would be:
A) Bad Debt Expense   1,250
Allowance for Doubtful Accounts   1,250

B) Allowance for Doubtful Accounts   1,250
Accounts Receivable/Mary               1,250
      
C) Accounts Receivable/Mary   1,250
Bad Debt Expense                                1,250
   
D) None of the above
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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7 years ago
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upton Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jakechambo3
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Yesterday
Thanks
jodie1
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2 hours ago
Smart ... Thanks!
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