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QUESTION 21 Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncolectible account
QUESTION 21 Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncolectible account of its customer, A. Hopkins On Iuly 10. Gideon received a check for the full amount of $2.000 from Hopkins. On july 10, the entry or entries Gideon makes to record the recovery of the bad debt is: Aceounts Receivable-A. Hopkins 2,000 Allovanee for Doubt Ful Aecounts 2,000 Cash 2.00 Accounts Receivable-A. Hopkins 2.000 Cash 2.000 Bad debts expense 2,000 Accounts Receivable-A. Hopkins 2.000 Bad debts expense 2.000 Cash 2,000 Accounts Receivable-A. Hopkins 2.000 A1lowance for Doubtful Accounts 2,000 Accounts Receivable-A. Hopkinse 2,000 Accounts Receivable-A. Hopkins 2,000 2.000 Cash Cash 2,000 2,000 Accounts Receivable-A. Hopkins
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