Question

The adjusting entry to record the estimated bad debts in the period credit sales occur would normally include a debit to:

A) Accounts Receivable and a credit to Allowance for Doubtful Accounts.

B) Bad Debt Expense and a credit to Allowance for Doubtful Accounts.

C) Allowance for Doubtful Accounts and a credit to Accounts Receivable.

D) Bad Debt Expense and a credit to Accounts Receivable.

Answer

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