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Which ONE is True ? The Allowance for Un-Collectible Accounts Receivable Amount is an Estimate of the Amount the Business believes it will not Collect

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Which ONE is True ? The Allowance for Un-Collectible Accounts Receivable Amount is an Estimate of the Amount the Business believes it will not Collect from their customers. The Direct Write Off Method of Accounting for Bad Debts is Allowed by the GAAP Rules of Accounting. The Net Realizable Accounts Receivable Amount is equal to the Total Accounts Receivable Amount Less the Bad Debt Expense Amount. 0.7 pts Question 16 Which One of the following would be part of the Journal Entry to Record the Year-End Estimate of Allowances for Un- Collectible Accounts Receivable ? Credit to the Accounts Receivable Account Debit to the Allowance for Un-Collectibles Account O Debit to Bad Debt Expense Credit to Bad Debt Expense O None of these Choices

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