Gamer Incdetermines That It Cannot Collect $60 Owed to It by by Its

Multiple Choice

Gamer Inc.determines that it cannot collect $60 owed to it by its customer T.Jacobs.Gamer uses the direct write-off method.How would the company record this transaction?

A) Debit Bad Debt Expense for $60 and credit Accounts Receivable-T.Jacobs for $60.
B) Debit Allowance for Doubtful Accounts for $60 and credit Accounts Receivable-T.Jacobs for $60.
C) Debit Bad Debt Expense for $60 and credit Allowance for Doubtful Accounts for $60.
D) Debit Notes Receivable-T.Jacobs for $60 and credit Accounts Receivable-T.Jacobs for $60.
E) Debit Accounts Receivable-T.Jacobs for $60 and credit Notes Receivable-T.Jacobs for $60.