3. If the allowance method of accounting for uncollectible receivables is used,

Question

3. If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible?

a. Bad Debt Expense      20,000
      Allowance for Doubtful Accounts            20,000 b. Bad Debt Expense      17,000
      Allowance for Doubtful Accounts            17,000 c. Bad Debt Expense      15,000
      Allowance for Doubtful Accounts            15,000 d. Bad Debt Expense      13,000
      Allowance for Doubtful Accounts            13,000

Explanation / Answer

1

d.

d. added to the balance per bank statement
3
c. Uncollectible Accounts Expense

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