At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the company wrote off $38,000 of accounts receivable. Writing off the individual bad debts would include a:a. Debit to Bad Debt Expense. b. Credit to Accounts Receivable. c. Credit to the Allowance for Uncollectible Accounts. d. Debit to Bad Debt Expense; credit to the Allowance for Uncollectible Accounts.

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Business

India

29 May, 21:58

At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the company wrote off $38,000 of accounts receivable. Writing off the individual bad debts would include a:a. Debit to Bad Debt Expense. b. Credit to Accounts Receivable. c. Credit to the Allowance for Uncollectible Accounts. d. Debit to Bad Debt Expense; credit to the Allowance for Uncollectible Accounts.

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Amelia Hobbs · Answer 1

B - Credit to Accounts Receivable

Explanation:

Account receivable is an asset (current asset) that should be collected within a year.

increase in assets are debited whereas decrease in assets are credited. in Jackson Enterprises' case, accounts receivables is write - off (reduced), therefore it is credited.

Hence, Writing off the individual bad debts would include Credit to Accounts Receivable.