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Under the allowance method, the journal entry to record period-end bad debt adjustment includes: a. A debit to bad expense and a credit to accounts
Under the allowance method, the journal entry to record period-end bad debt adjustment includes:
a. A debit to bad expense and a credit to accounts receivable
b. A debit to allowance for bad debts and a credit to accounts receivable
c. A debit to allowance for bad debts and a credit to bad debt expense
d. A debit to bad debt expense and a credit to allowance for bad debts
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