Question
5. Adidea has customers who bought 25K of merchandise on credit. The company estimates that $2,300 of those sales are uncollectible. What general ledger postings
5. Adidea has customers who bought 25K of merchandise on credit. The company estimates that $2,300 of those sales are uncollectible. What general ledger postings will the company use to document this fact a. uncollectible account expense (debt) 2,300; accounts receiveable (credit) 2300, allowance for uncollectiable accounts (credit) 2300 b. Accounts receivable (debit) 22,700, uncollectible accounts expense (credit) 1650; allowance for uncollectible accounts (credit) 1650 c. Allowance for uncollectible accounts (debit) 2300; accounts receivable (credit) 2300 d. Accounts receivable (debit) 25,000; uncontrollable accounts expense (debit) 2300; allowance for uncollectible accounts (debit) 2300 e. Accounts receivable (debit) 22,700; uncollectible accounts expense (credit) 2300
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