Question

Gus uses an allowance method for recording bad debts. Gus determined that $7,500 of accounts receivable from Jaq Corporation are uncollectible. The entry Gus should make to write off the Jaq account would include:
Question 14 options:

a)
a credit to Cash for $7,500.

b)
a credit to Allowance for Uncollectible Accounts for $7,500.

c)
a credit to Accounts Receivable for $7,500.

d)
a credit to Uncollectible Accounts Expense for $7,500.

e)
None of these.

Answer 1

I do not know! try d