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Assume that before recording the bad debt expense, the Allowanc account has a credit (right-side) balance of $400. If the company use method to record
Assume that before recording the bad debt expense, the Allowanc account has a credit (right-side) balance of $400. If the company use method to record the bad debt expense, and the aging schedule expense, the Allowance for Doubtful Accounts U. If the company uses the aging of receivables ceivable will not be collected, then the journal entry to record the bad une aging schedule estimates that $4,000 of the would be 3600 E. Bad Debt Expense Allowance for Doubtful Accounts 3600 F. Allowance for Doubtful Accounts 3600 3600 Bad Debt Expense 4000 G. Bad Debt Expense 4000 Allowance for Doubtful Accounts 4000 H. Allowance for Doubtful Accounts 4000 Bad Debt Expense 9. If the company determines that a customer who owes $100 will not pay what he or she owes, the journal entry to write off that account would be 100 A. Bad Debt Expense Allowance for Doubtful Accounts 100 100 B. Allowance for Doubtful Accounts 100 Bad Debt Expense C. Accounts Receivable 100 Allowance for Doubtful Accounts 100 D. Allowance for Doubtful Accounts 100 Accounts Receivable 100
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