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Gideon Company uses the direct write - off method of accounting for uncollectible accounts. On May 3 , the Gideon Company wrote off the $
Gideon Company uses the direct writeoff method of accounting for uncollectible accounts. On May the Gideon Company wrote off the $ uncollectible account of its customer, A Hopkins. The entry or entries Gideon makes to record the writeoff of the account on May is:
Accounts ReceivableA Hopkins
Bad Debts Expense
Bad Debts Expense
Accounts ReceivableA Hopkins
Cash
Accounts ReceivableA Hopkins
Accounts ReceivableA Hopkins
Cash
Allowance for Doubtful Accounts
Accounts ReceivableA Hopkins
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