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After a comprehensive review of its customers, Zenith decides that customers owing it $4,200 will never pay what they owe. The company had previously made

After a comprehensive review of its customers, Zenith decides that customers owing it $4,200 will never pay what they owe. The company had previously made provisions for possible bad debts. Record this adjusting entry by:

Journal entry title

Debit

Credit

Allowance for doubtful accounts

4200

Account receivable

4200

To write off an uncollectible account

< OR by filling in the horizontal model below>

Assets

Liabilities

Owners Equity

Net Income

Revenues

Expenses

+4200

+4200

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