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Assume that on February 25, a customer who owes Berry Sales Company $2,000 is declared bankrupt by a federal court. The entry that would be
Assume that on February 25, a customer who owes Berry Sales Company $2,000 is declared bankrupt by a federal court. The entry that would be made to write off this account is:
A. | Allowance for Uncollectible Accounts 2,000 Accounts Receivable/Customer Account 2,000 | |
B. | Accounts Receivable/Customer Account 2,000 Allowance for Uncollectible Accounts 2,000 | |
C. | Accounts Receivable 2,000 Notes Receivable 2,000 | |
D. | Cash 2,000 Accounts Receivable 2,000 |
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