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41) Jayson Enterprises uses the allowance method to account for uncollectible receivables. When an uncollectible account is written off, A) the write off has no

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41) Jayson Enterprises uses the allowance method to account for uncollectible receivables. When an uncollectible account is written off, A) the write off has no effect on net income B) the Bad Debt Expense account is debited C) no entry is required because bad debt expense is estimated at the end of the accounting period Cha D) the Allowance for Bad Debts account is credited Text 42) On June 16, 2019, Evergreen Company wrote off the $200 receivable from customer M. Simmons. On October 14, 2019, Evergreen unexpectedly receives $200 cash from M. Simmons. How should Evergreen record the $200 payment from M. Simmons? Evergreen uses the allowance method. A) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons B) Debit Cash and credit Bad Debts Expense C) Debit Cash and credit Allowance for Bad Debts D) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons Spac Bullets

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