Question

Lakeview Inc. uses the allowance method. During the year, Lakeview concludes that specific customers will never pay their account balances, which total $6,844. The entry to record the write-off of these accounts receivable would debit:

A) Accounts Receivable and credit Allowance for Doubtful Accounts for $6,844.

B) Accounts Receivable and credit Bad Debt Expense for $6,844.

C) Bad Debt Expense and credit Accounts Receivable for $6,844.

D) Allowance for Doubtful Accounts and credit Accounts Receivable for $6,844.

Answer

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