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Question 19 (4 points) Using the Allowance method of accounting for bad debt, Fixor Corp wrote off $800 owed by KR, Corp. Later, KR, Corp
Question 19 (4 points) Using the Allowance method of accounting for bad debt, Fixor Corp wrote off $800 owed by KR, Corp. Later, KR, Corp paid the amount owed. What is/are the proper journal entry(ies) for Fixor to make? a) Dr. Accounts Receivable 800 Cr. Allowance for Doubtful Accounts 800 b) Dr. Cash 800 Cr. Accounts Receivable-KR 800 C) Dr. Allowance for Doubtful Accounts 800 Cr. Bad Debt Expense-KR 800 d) Dr. Bad Debt Expense 800 Cr. Cash 800
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