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If the allowance method of accounting for uncollectible receivables method was used and an estimate was made at year end, Dec.31 ........what general ledger accounts
If the allowance method of accounting for uncollectible receivables method was used and an estimate was made at year end, Dec.31 ........what general ledger accounts are debited and credited in JANUARY when a particular customer's account is identified as uncollectiible?
debit Allowance for Bad Debts; credit Accounts Receivable |
debit Bad Debts Expense; credit Accounts Receivable |
debit Accounts Receivable; credit Allowance for Bad Debts |
debit Bad Debts Expense; credit Allowance for Bad Debts |
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