question archive Kalid Company write-off as uncollectible an amount of $15,000 related to Sahar company, what is the required entry on that date 15,00 Select one: O a
Kalid Company write-off as uncollectible an amount of $15,000 related to Sahar company, what is the required entry on that date 15,00 Select one: O a
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Kalid Company write-off as uncollectible an amount of $15,000 related to Sahar company, what is the required entry on that date 15,00 Select one: O a. Dr. Allowance for Doubtful Accounts 15,000 Cr. Account Receivables O b. Dr. Bad Debt Expense 15,000 Cr. Allowance for Doubtful Accounts O c. Dr. Bad Debt Expense 15,000 Cr. Account Receivables 15,000 d. Dr. Bad Debt Expense 15,000 Cr. Cash 15,000 15,000
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Answer: Option a is the Correct option.
For the amount that is uncollectible the journal entry passed by the Khalid Company will be:
Allowance for Doubtful Accounts ...Dr
To Accounts Receivables
