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24 February, 06:18

Gus uses an allowance method for recording bad debts. Gus determined that $7,500 of accounts receivable from Jaq Corporation are uncollectible. The entry Gus should make to write off the Jaq account would include:

Question 14 options:

a)

a credit to Cash for $7,500.

b)

a credit to Allowance for Uncollectible Accounts for $7,500.

c)

a credit to Accounts Receivable for $7,500.

d)

a credit to Uncollectible Accounts Expense for $7,500.

e)

None of these.

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Answers (1)
  1. 24 February, 06:30
    0
    I do not know! try d
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