Under allowance method,the journal entry to record uncollectible accounts expense is a. Dr. Allowance for Doubtful Accounts and Cr. Bad debts Expense b. Dr. Bad debts expense and Cr. Accounts Receivable c. Dr. Accounts Receivable and Cr. Bad debts expense d. Dr. Bad debts expense and Cr. Allowance for Doubtful Accounts

Under the allowance method for uncollectible accounts, 1.the entry to write off an uncollectible account only involves statement of financial position accounts. 2.allowance for doubtful accounts increases, while accounts receivables decrease when writing off an uncollectible account. 3.bad debts expense is not recorded until a customer defaults. 4.bad debt expense increases, while allowance for doubtful accounts decreases when writing off an uncollectible account.

The Allowance for Doubtful Accounts account will have a credit balance at the end of the period if the write-offs during the period are: none of the answers are correct. more than the beginning balance. less than the beginning balance. O equal to the beginning balance.

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