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Woodland Company Uses the Allowance Method to Account for Bad \quad

Question 29

Multiple Choice

Woodland Company uses the allowance method to account for bad debts.During 2009,a customer became bankrupt and a receivable of $10,000 was deemed uncollectible.Which of the following journal entries records the uncollectible account write-off?


A) Allowance for doubtful accounts \quad \quad 10.00010.000
\quad Accounts receivable \quad \quad \quad \quad \quad \quad \quad \quad \quad 10.00010.000
B) Bad debt expense \quad \quad \quad \quad \quad \quad \quad 10,000
\quad Allowance for doubtful accounts \quad \quad \quad \quad 10,000
C) Allowance for doubtful accounts \quad \quad \quad 10,000
Bad debt expense \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad 10,000
D) Loss on receivables \quad \quad \quad 10,000
\quad Accounts receivables \quad \quad \quad \quad 10.000

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