When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________.

A) debit to Accounts Receivable and a credit to Cash
B) credit to Accounts Receivable and a debit to Bad Debts Expense
C) debit to the Allowance for Bad Debts and a credit to Accounts Receivable
D) credit to Accounts Receivable and a debit to Interest Expense


B) credit to Accounts Receivable and a debit to Bad Debts Expense

Business

You might also like to view...

Which type of cellular process will most likely be used by an amoeba in order to obtain food?

A. receptor-mediated endocytosis B. phagocytosis C. pinocytosis D. exocytosis

Business

All of the following are points of difference for Chobani Greek Yogurt EXCEPT:

A. a bit lower in protein than regular yogurt. B. a straining process that removes excess liquid whey. C. a shorter, wider cup that is more visible on retailers' shelves. D. preservative-free. E. proprietary animal-based thickener to make its "Greek-style" yogurts.

Business

One key conclusion of the Capital Asset Pricing Model is that the value of an asset should be measured by considering both the risk and the expected return of the asset, assuming that the asset is held in a well-diversified portfolio. The risk of the asset held in isolation is not relevant under the CAPM.

Answer the following statement true (T) or false (F)

Business

What is the social judgment theory (SJT), developed by Sherif and Hovland (1961)? Explain how this strategy is used to achieve persuasion.

What will be an ideal response?

Business