Question: Under the allowance method, why do we make an entry to record bad debt expense in the period of sale rather than in the period

Under the allowance method, why do we make an entry to record bad debt expense in the period of sale rather than in the period in which an account is determined to be uncollectible?

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Under the allowance method, why do we make an entry to record bad debt expense in the period of sale rather than in the period in which an account is determined to be uncollectible?

Under the allowance method, why do we make an entry to record bad debt expense in the period of sale rather than in the period in which an account is determined to be uncollectible? LO19

Which entry decreases net income under the allowance method of accounting for uncollectibles: the entry to record bad debt expense or the entry to write off an uncollectible account receivable?

Which entry decreases net income under the allowance method of accounting for uncollectible: the entry to record bad debt expense or the entry to write off an uncollectible account receivable?

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