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If a company's Accounts Receivable manager decides to write off a customer's $1,400 balance, the journal entry using the Allowance Method would be: O A.
If a company's Accounts Receivable manager decides to write off a customer's $1,400 balance, the journal entry using the Allowance Method would be: O A. a debit to Allowance for Doubtful Accounts for $1,400 and a credit to Accounts Receivable for $1,400. B. a debit to Accounts Receivable for $1,400 and a credit to the Allowance for Doubtful Accounts for $1,400. C. a debit to Bad Debt Expense for $1,400 and a credit to the Allowance for Doubtful Accounts for $1,400. D. a debit to the Allowance for Doubtful Accounts for $1,400 and a credit to Bad Debt Expense for $1,400. When performing its bank reconciliation, Jade Company noted in the cancelled checks a check for $229 issued by Cade Company which was incorrectly charged to Jade Company by the bank. In the bank a reconciliation, the balance per the bank will be adjusted by $ Include a negative sign if the amount should be subtracted from the bank balance. Enter 'O' if the book balance should be adjusted instead of the bank balance. Include whole numbers only (do not include dollar signs, commas, or decimals in your answer)
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