Question
explain- show work 20. Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000
explain- show work 20. Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
a.Cash
2,000
Accounts ReceivableA. Hopkins
2,000
b.
Accounts ReceivableA. Hopkins
2,000
Allowance for Doubtful Accounts
2,000
Cash
2,000
Accounts ReceivableA. Hopkins
2,000
c.
Cash
2,000
Bad debts expense
2,000
d.
Accounts ReceivableA. Hopkins
2,000
Bad debts expense
2,000
Cash
2,000
Accounts ReceivableA. Hopkins
2,000
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