ACC112 Q8

On March 1, a customer's account balance of $66,300 was deemed to be uncollectible. What entry should be recorded on March 1 to record the write-off assuming the company uses the allowance method? O Debit Allowance for Doubtful Accounts $66,300; credit Accounts Receivable $66,300 O Debit Bad Debts Expense $66,300; credit Allowance for Doubtful Accounts $66,300 O Debit Allowance for Doubtful Accounts $66,300; credit Bad Debts Expense $66,300 O Debit Bad Debts Expense $66,300; credit Accounts Receivable $66,300