Colleen's account was written off for $800. She received an inheritance from her uncle and wants to
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Question:
- Colleen's account was written off for $800. She received an inheritance from her uncle and wants to clear her account. The entry to record this is to __________.
- A. debit Cash and credit Accounts Receivable/Maggie
- B. debit Allowances for Doubtful Accounts, credit Accounts Receivable/Maggie, debit Cash, and credit Accounts Receivable/Maggie
- C. debit Accounts Receivable/Maggie, credit Allowance for Doubtful Accounts, debit Cash, and credit Accounts Receivable/Maggie
- D. debit Accounts Receivable/Maggie, credit Allowance for Doubtful Accounts, debit Accounts Receivable/Maggie, and credit Cash
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date: