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Which are methods of posting on account that doubt collect

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Problem 1: Smokies Cigar Company owner died, causing their company to close down. Which following are methods of posting the $ 70000 on their account that you doubt you will collect?

A- Credit Bad Debt Expense $70000; Debit account Receivable $70000.
B- Debit bad Debt Expense $70000; Credit account Receivable $70000.
C- Credit Cash $70000; debit Accounts Receivable $70000.
D- debit Loans $70000; credit Accounts Receivable $70000.
E- debit Allowance for Doubtful Accounts $70000; credit Accounts Receivable $70000.

Reference no: EM132743290

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