The owner of Smokies Cigar Company dies, causing it to close down. Which of the...
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Accounting
The owner of Smokies Cigar Company dies, causing it to close down. Which of the following are metho of posting the $ on their account that you do not expect to collect?
Select all answers that apply:
A credit Bad Debt Expense $; debit Accounts Receivable $
B debit Bad Debt Expense $; credit Accounts Receivable $
C credit Cash $; debit counts Receivable $
D debit Loans $; credit Accounts Receivable $
E debit Allowance for Doubtful Accounts $; credit Accounts Receivable $
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