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Mathematics

17 August, 23:48

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.