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Edgewood Company wrote off an uncollectible receivable with a $1,500 balance. Which of the following is the correct journal entry to record this adjustment assuming
Edgewood Company wrote off an uncollectible receivable with a $1,500 balance. Which of the following is the correct journal entry to record this adjustment assuming Edgewood Company uses the allowance method for accounting for bad debt? |
Debit | Credit | |
Accounts Receivable | 1,500 | |
Uncollectible Accounts Expense | 1,500 |
Debit | Credit | |
Uncollectible Accounts Expense | 1,500 | |
Accounts Receivable | 1,500 |
Debit | Credit | |
Allowance for Doubtful Accounts | 1,500 | |
Accounts Receivable | 1,500 |
Debit | Credit | |
Accounts Receivable | 1,500 | |
Allowance for Doubtful Accounts | 1,500 |
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