Question

Countryside Corporation uses the allowance method. Countryside writes off a $350 customer account balance when it becomes clear that the customer will never pay. Countryside Corporation should debit:

A) Bad Debt Expense and credit Accounts Receivable for $350.

B) Allowance for Doubtful Accounts and credit Accounts Receivable for $350.

C) Bad Debt Expense and credit Cash for $350.

D) Accounts Receivable and credit Bad Debt Expense for $350.

Answer

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