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Assuming Green Company uses the allowance method and the following transactions occur. Mar. 15 Sold merchandise to Foster for $12,000 on account. Apr. 15 Received
Assuming Green Company uses the allowance method and the following transactions occur. Mar. 15 Sold merchandise to Foster for $12,000 on account. Apr. 15 Received $6,000 from Foster. Aug. 15 Wrote off Foster's account as uncollectible. What account would be used to write off Foster's account?
Bad Debt
Allowance for Uncollectible Accounts
Sales
None of the above
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