1. what journal entry does a company make to write off a customer's uncollectible account...
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Accounting
1. what journal entry does a company make to write off a customer's uncollectible account under the allowance method? a. debits accounts receivble and credits allowances for doubful accounts b. debits accounts receivble and credits bad debits expense c. debits allowances for doubful accountsand credits accounts receivable d. debits bad debits expense and credits accounts receivable e. debits cash and credits accounts receiable.
2. allowance for doubtful accounts has a $1,000 credit balance before adjustment at year-end. an aging of accounts receivable analysis indicates uncollecitble accounts of $7,000 using of receivables method., what is estimated bad debts amount to be used in the year-end adjusting entry? a. $1,000 b. $6,000 c. $7,000 d.
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