Multiple Choice
Colleen's account was written off for $800.She received an inheritance from her uncle and wants to clear her account.The entry to record this is to:
A) debit Cash and credit Accounts Receivable/Colleen.
B) debit Allowances for Doubtful Accounts,credit Accounts Receivable/Maggie,debit Cash,and credit Accounts Receivable/Colleen.
C) debit Accounts Receivable/Colleen,credit Allowance for Doubtful Accounts,debit Cash,and credit Accounts Receivable/Colleen.
D) debit Accounts Receivable/Colleen,credit Allowance for Doubtful Accounts,debit Accounts Receivable/Colleen,and credit Cash.
Correct Answer:

Verified
Correct Answer:
Verified
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