If a company writes off a \$300 account as uncollectible, what is the correct journal entry?

• A. Debit Accounts Receivable \$300; Credit Bad Debt Expense \$300.
• B. Debit Bad Debt Expense \$300; Credit Accounts Receivable \$300.
• C. Debit Bad Debt Expense \$300; Credit Cash \$300.
• D. Debit Cash \$300; Credit Bad Debt Expense \$300.

Answer: (B)