Lakeview Inc

Multiple Choice

Lakeview Inc.uses the allowance method.During the year,Lakeview concludes that specific customers will never pay their account balances,which total $6,844.The entry to record the write-off of these accounts receivable would debit:

A) Accounts Receivable and credit Allowance for Doubtful Accounts for $6,844.
B) Accounts Receivable and credit Bad Debt Expense for $6,844.
C) Bad Debt Expense and credit Accounts Receivable for $6,844.
D) Allowance for Doubtful Accounts and credit Accounts Receivable for $6,844.