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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
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. The entry or entries Gideon makes to record the write off of the account on May 3 is: A) Accounts Receivable-A. Hopkins 2,000 Allowance for Doubtful Accounts 2.000] B) Allowance for Doubtful Accounts otful Accounts Bad debts expense 2,000 o 2,000 C 2,000 2,000 Accounts Receivable-A. Hopkins Bad debts expense Cash Accounts ReceivableA. Hopkins 2,000 1 2,000 Allowance for Doubtful Accounts 2,000 Accounts Receivable A. Hopkins 2,000 E) Cash 2,000 Accounts ReceivableA. Hopkins 2,000
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