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Dillon Company uses the allowance method to account for bad debts. The entry to write off a bad account (one that will never be collected)
Dillon Company uses the allowance method to account for bad debts. The entry to write off a bad account (one that will never be collected) should be: Debit Credit Allowance for doubtful accounts Accounts receivable Debit Credit Sales revenue Accounts receivable Debit Credit Bad debt expense Allowance for doubtful accounts Debit Credit Bad debt expense Accounts receivable
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