Multiple Select Question Select all that apply Lina Co. uses the allowance method to...
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Accounting
Multiple Select Question
Select all that apply
Lina Co uses the allowance method to account for bad debts. On January Lina determines that a $ balance from ZRT Inc. is uncollectible and writes the balance off. The journal entry to write this balance off will include a: Check all that apply.
credit to Allowance for Doubtful Accounts
debit to Allowance for Doubtful Accounts
credit to Accounts Receivable ZRT
debit to Accounts Receivable ZRT
debit to Bad Debts Expense
credit to Bad Debts Expense
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