Reference no: EM13915384
On February 1, a customer's account balance of $2,400 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?
a Debit Accounts Receivable $2,400; credit Allowance for Doubtful Accounts $2,400.
b Debit Bad Debts Expense $2,400; credit Accounts Receivable $2,400.
c Debit Allowance for Doubtful Accounts $2,400; credit Bad Debts Expense $2,400.
d Debit Bad Debts Expense $2,400; credit Allowance for Doubtful Accounts $2,400.
e Debit Allowance for Doubtful Accounts $2,400; credit Accounts Receivable $2,400.
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