To Record Estimated Uncollectible Accounts Using the Allowance Method, the Adjusting

Multiple Choice

To record estimated uncollectible accounts using the allowance method, the adjusting entry would be a debit to:

A) Accounts Receivable and a credit to Allowance for Doubtful Accounts.
B) Bad Debt Expense and a credit to Allowance for Doubtful Accounts.
C) Allowance for Doubtful Accounts and a credit to Accounts Receivable.
D) Loss on Credit Sales and a credit to Accounts Receivable.