3) Town and Country Saddle learns the account receivable for a customer is uncollectible. The journal entry under
the allowance method to write-off an account is to __________.
debit Allowance for Doubtful Accounts; credit Accounts Receivable
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debit Sales; credit Allowance for Doubtful Accounts
debit Bad Debts Expense; credit Accounts Receivable
debit Allowance for Doubtful Accounts; credit Bad Debts Expense