Question

To record estimated uncollectible accounts using the allowance method, the adjusting entry would be a

Answer 1

Bad debt expense

To Allowance for doubtful accounts

(Being the bad debt expense is recorded)

Step-by-step explanation:

The adjusting entry using the allowance method for recording the predicted uncollectible account is as follows:

Bad debt expense

To Allowance for doubtful accounts

(Being the bad debt expense is recorded)

Here the bad debt expense is debited as it increased the expenses and credited the allowance for doubtful account as it decreased the assets

Therefore the above represent the bad debt expense