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VES TB MC Qu. 07-96 Gideon Company uses.. Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company

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VES TB MC Qu. 07-96 Gideon Company uses.. Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote of the $2,000 uncollectible account of its customer, A. Hopkins. On July 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: Multiple Choice 2,000 Accounts Receivable-. Hopkins Allowance for Doubtful Accounts Cash Accounts Receivable 1. Hopkins 2,000 2.000 2,000 2.000 Recounts Receivable A. Hopkins Bad debts expense Cash Accounts Receivable. Hopkins 2.000 2.000 2.000

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