if-a-company-writes-off-a-300-account-as-uncollectible-what-is-the-correct-journ

Question

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

Accepted Answer

Debit Bad Debt Expense $$300; Credit Accounts Receivable 300.$$

Answer

Debit Accounts Receivable $$300; Credit Bad Debt Expense 300.$$

Answer

Debit Bad Debt Expense $$300; Credit Cash 300.$$

Answer

Debit Cash $$300; Credit Bad Debt Expense 300.$$

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