On February 1, a customer's account balance of $3,100 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

Question

Answer

Debit Bad Debts Expense $3,100; credit Accounts Receivable $3,100.

Answer

Debit Bad Debts Expense $3,100; credit Allowance for Doubtful Accounts $3,100.

Answer

Debit Accounts Receivable $3,100; credit Allowance for Doubtful Accounts $3,100.

Answer

Debit Allowance for Doubtful Accounts $3,100; credit Bad Debts Expense $3,100.

Answer

Debit Allowance for Doubtful Accounts $3,100; credit Accounts Receivable $3,100.

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On February 1, a customer's account balance of $3,100 was deemed to be uncollect...

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