if-the-calculated-bad-debt-expense-for-the-year-is-2400-what-is-the-correct-jour

Question

If the calculated bad debt expense for the year is $2,400, what is the correct journal entry to record this expense?

Accepted Answer

Debit Bad Debt Expense $$2,400; Credit Allowance for Doubtful Accounts 2$$,400

Answer

Debit Accounts Receivable $$2,400; Credit Bad Debt Expense 2$$,400

Answer

Debit Bad Debt Expense $$2,400; Credit Accounts Receivable 2$$,400

Answer

Debit Allowance for Doubtful Accounts $$2,400; Credit Bad Debt Expense 2$$,400

If the calculated bad debt expense for the year is \$2,400, what is the correct journal entry to record this expense?