Question

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer,

a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:

Answer 1

Allowance for Doubtful Accounts (Deb 2,000).

Accounts Receivable - A. Hopkins (Cred. $2,000)