Multiple Choice
When a company makes an adjustment in anticipation of future uncollectible debt:
A) it debits an asset account and credits a liability account.
B) it debits a revenue account and credits an asset account.
C) it debits a revenue account and credits an expense account.
D) it debits an expense account and credits a contra-asset account.
Correct Answer:
Verified
Correct Answer:
Verified
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