Lakeview Inc. uses the allowance method. During the year, Lakeview concludes that specific customers will never pay their account balances, which total $6,844. The entry to record the write-off of these accounts receivable would debit:
A. Allowance for Doubtful Accounts and credit Accounts Receivable for $6,844.
B. Accounts Receivable and credit Bad Debt Expense for $6,844.
C. Bad Debt Expense and credit Accounts Receivable for $6,844.
D. Accounts Receivable and credit Allowance for Doubtful Accounts for $6,844.
Answer: A
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A. $1.67 per DLH. B. $5.00 per DLH. C. $0.60 per DLH. D. $1.50 per DLH. E. $0.75 per DLH.