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Question
When a company uses the allowance method of accounting for uncollectible receivables, which entry would not be found in its general journal?
a. Bad Debt Expense 500
Allowance for Doubtful Accounts 500
b. Bad Debt Expense 500
Accounts Receivable—Bob Smith 500
c. Cash 300
Allowance for Doubtful Accounts 200
Accounts Receivable—Bob Smith 500
d. Cash 500
Accounts Receivable—Bob Smith 500
Answer
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