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On 31 December 2015 Mayo Resources decided that it needed finally to write off as bad an account receivable of $4,400 (including GST of $400)
On 31 December 2015 Mayo Resources decided that it needed finally to write off as bad an account receivable of $4,400 (including GST of $400) from Jayne Pty Ltd (in liquidation). If Mayo Resources uses the allowance method, the entry to achieve the write off is which of the following? Group of answer choices Debit allowance for doubtful debts $4,000; debit GST collected/payable $400; credit accounts receivable $4,400 Debit bad debts expense $4,400, credit GST collected/payable $400; credit accounts receivable $4,000 Debit allowance for doubtful debts $4,000; credit bad debts expense $4,000 Debit bad debts expense $4,400; credit accounts receivable $4,400
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