Solved

When a Company Is Using the Direct Write-Off Method and an Account

Question 64

Multiple Choice

When a company is using the direct write-off method and an account is written off,the journal entry consists of a:


A) credit to Accounts receivable and a debit to Interest expense.
B) debit to Accounts receivable and a credit to Cash.
C) credit to Accounts receivable and a debit to Bad debts expense.
D) debit to the Allowance for doubtful debts and a credit to Accounts receivable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions