Multiple Choice
What is the normal journal entry for recording bad debt expense under the allowance method?
A) Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
B) Debit Allowance for Doubtful Accounts, credit Bad Debt Expense.
C) Debit Bad Debt Expense, credit Allowance for Doubtful Accounts.
D) Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
Correct Answer:
Verified
Correct Answer:
Verified
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