At the end of its first year of operations, a company has accounts receivable of $250,000. The company expects to collect 90% of these accounts. The company's year-end adjusting entry for uncollectible accounts would be:
A. Debit Bad Debt Expense; Credit Allowance for Uncollectible Accounts for $25,000.
B. Debit Allowance for Uncollectible Accounts; Credit Bad Debt Expense for $25,000.
C. Debit Allowance for Uncollectible Accounts; Credit Accounts Receivable for $25,000.
D. Debit Bad Debt Expense; Credit Accounts Receivable for $25,000.
Answer: A
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