Question

The adjusting entry to record the estimated bad debts in the period credit sales occur would normally include a debit to: A. Bad Debt Expense and a credit to Accounts Receivable. B. Allowance for Doubtful Accounts and a credit to Accounts Receivable. C. Bad Debt Expense and a credit to Allowance for Doubtful Accounts. D. Accounts Receivable and a credit to Allowance for Doubtful Accounts.

Answer 1

Answer:

Debit to Bad Debt Expense and Credit to Allowance for Doubtful Accounts.