The Adjusting Entry to Record the Estimated Bad Debts in the Period

Multiple Choice

The adjusting entry to record the estimated bad debts in the period credit sales occur includes a debit to an:

A) asset account and a credit to a liability account.
B) expense account and a credit to an asset account.
C) expense account and a credit to a revenue account.
D) expense account and a credit to a contra-asset account.