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Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3,...

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Accounting

Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write-off of the account on May 3 is:
Accounts ReceivableA. Hopkins 2,000
Bad Debts Expense 2,000
Bad Debts Expense 2,000
Accounts ReceivableA. Hopkins 2,000
Cash 2,000
Accounts ReceivableA. Hopkins 2,000
Accounts ReceivableA. Hopkins 2,000
Cash 2,000
Allowance for Doubtful Accounts 2,000
Accounts ReceivableA. Hopkins 2,000

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