(Choose 1 answer)
A. Dr. Uncollectible Accounts
Expense 300
(2481)Taylor Company uses the direct write-off method of recording uncollectible accounts receivable.Recently, a customer informed Tayler that he would be unable to pay $300 owed to Taylor. Taylor's proper journal entry to reflect this event would be:
Cr. Allowance, for Uncollectible Accounts 300
B. Dr. revenue 300 Cr. Accounts Receivable 300
C. Dr. Allowance. for Uncollectible.Accounts 300
Cr. Accounts Receivable 300
D. None of these
E. Dr. Uncollectible Accounts
Expense 300
Cr. Accounts Receivable 300
Exit 19
