Which of the following is an appropriate adjusting entry for recording bad debt expense?
a. bad debt expense accounts receivable
b. accounts receivable allowance for doubtful accounts
c. allowance for doubtful accounts bad debt expense
d. allowance for doubtful accounts accounts receivable
e. bad debt expense allowance for doubtful accounts
Answer: e. bad debt expense allowance for doubtful accounts
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Courts in recent years have:
A. generally approved affirmative action plans. B. generally not given much credence to affirmative action plans. C. subjected affirmative action plans to more intensive scrutiny. D. significantly relaxed the requirements for a valid affirmative action plans.
The primary user group that confirms tax liabilities are
A. Suppliers B. Stockholders and potential investors C. Management D. Lenders E. Government agencies