Question: Which journal entry below correctly shows how the allowance method would be implemented for a customer who owes $5,700? DATE ACCOUNT 10/31/18 Allowance For Bad

Which journal entry below correctly shows how the allowance method would be implemented for a customer who owes $5,700? DATE ACCOUNT 10/31/18 Allowance For Bad Debts Bad Debts Expense DATE ACCOUNT 10/31/18 Bad Debts Expense Allowance For Bad Debts REF DEBIT CREDIT $5,700 $5,700 REF DEBIT CREDIT $5,700 $0 DATE ACCOUNT 10/31/18 Allowance For Bad Debts Bad Debts Expense DATE ACCOUNT 10/31/18 Bad Debts Expense Allowance For Bad Debts SAVE & CONTINUE REF DEBIT CREDIT $0 $5,700 REF DEBIT CREDIT $5,700 $5,700

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