Question 30 07 0.125 points Gideon Company uses the direct write-off method of accounting for...

80.2K

Verified Solution

Question

Accounting

image
image
image
Question 30 07 0.125 points Gideon Company uses the direct write-off 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. On July 10, the entry or entries Gideon makes to record the recovery of the bod debt is: 2,800 2,000 2,800 2,000 2,000 2,000 2,000 Accounts Receivable A. Hopkins Allowance for Doubtful Accounts Cash Accounts Receivable A. Hopkins Cash Bad debts expense Accounts Receivable A. Hopkins Bad debts expense cash Accounts Receivable A. Hopkins Allowance for Doubtful Accounts Accounts Receivable-A. Hopkinse Accounts Receivable Hopkins Cash 12.000 2,000 2,000 2,800 2,000 2.000 2,000 Cash 2,000 Accounts Receivable-A. Hopkins 2,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students