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Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,400 uncollectible account of its

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Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,400 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 31 Credit Account Title Accounts Receivable-A. Hopkins Allowance for Doubtful Accounts Debit 2,400 2,400 Credit Account Title Allowance for Doubtful Accounts Bad debts expense Debit 2,400 2,400 Credit Debit 2,400 Account Title Accounts Receivable-A. Hopkins Bad debts expense Cash Accounts Receivable-A. Hopkins 2,400 2,400 2,400 Credit Account Title Allowance for Doubtful Accounts Accounts Receivable-A. Hopkins Debit 2,400 2,400 Debit Credit Account Title Cash Accounts Receivable-A. Hopkins 2,400 2,400

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