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Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,600 uncollectible account of its
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,600 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: 2,600 Accounts Receivable-A. Hopkins Allowance for Doubtful Accounts 2,600 O O Cash Accounts Receivable-A. Hopkins 2,600 2,600 2,600 2,600 o 2,600 Accounts Receivable-A. Hopkins Bad debts expenses Cash Accounts Receivable-A. Hopkins 2,600 2,600 Allowance for Doubtful Accounts Bad debts expense 2,600 2,600
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