3 part

Under the allowance method when a company determines that a specific customer's Accounts Receivable will not be seed o g d e t O A Allowance for Uncollectible Accounts and credit Uncollectible Account Expense. OB Accounts Receivable and credit Allowance for Uncollectible Accounts OC. Allowance for Uncollectible Accounts and credit Accounts Receivable OD Uncollectible - Account Expense and credit Accounts Receivable The cost of the inventory that a business has sold to customers is called O A. gross profit OB, cost of goods sold. O c. inventory OD. purchases Every adjusting entry must affect both the income statement and the balance sheet. O O True False