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If a company uses the allowance method of accounting for bad debts and writes off an account of a specific customer that went bankrupt in

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If a company uses the allowance method of accounting for bad debts and writes off an account of a specific customer that went bankrupt in the amount of $7,500, what is the proper entry to write off the account? Debit Allowance for Doubtful Accounts 7.500; Credit Accounts Receivable 7.500, Debit Bad Debts Expense 7,500: Credit Accounts Receivable 7,500. O Debit Accounts Receivable 7,500: Credit Allowance for Doubtful Accounts 7.500. Debit Bad Debts Expense 7.500; Credit Allowance for Doubtful Accounts 7,500

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