On June 12,because Management Knew with near Certainty That It

Multiple Choice

On June 12,because management knew with near certainty that it had no chance of collection,Sheave Company wrote off a customer's account balance in the amount of $350.On November 3,the customer mailed a payment for $350 to Sheave.To record the receipt of this payment from the customer,the company would debit:

A) Bad Debt Expense and credit Cash.
B) Accounts Receivable and credit Bad Debt Expense,and then debit Cash and credit Allowance for Doubtful Accounts.
C) Cash and credit Accounts Receivable.
D) Accounts Receivable and credit Allowance for Doubtful Accounts,and then debit Cash and credit Accounts Receivable.