Ask Question
30 December, 18:34

Extra Co. uses the direct write-off method of accounting for uncollectible accounts receivable. The entry to write off an account that has been determined to be uncollectible would be to a. debit Sales Returns and Allowances and credit Accounts Receivable. b. debit Accounts Receivable and credit Bad Debt Expense. c. debit Bad Debt Expense and credit Allowance for Doubtful Accounts. d. debit Bad Debt Expense and credit Accounts Receivable.

+2
Answers (1)
  1. 30 December, 18:58
    0
    Answer: The entry to write off an account that has been determined to be uncollectible would be to debit Bad Debt Expense and credit Accounts Receivable.

    In this case, the method does not include an accrual for bad debt expense, the bad debt expense must be jotted when the loss is discovered.

    Therefore, the correct option in this case is (d)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Extra Co. uses the direct write-off method of accounting for uncollectible accounts receivable. The entry to write off an account that has ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers