On february 1, a customer's account balance of $2,300 was deemed to be uncollectible. what entry should be recorded on february 1 to record the write-off assuming the company uses the allowance method? multiple choice debit allowance for doubtful accounts $2,300; credit accounts receivable $2,300. debit allowance for doubtful accounts $2,300; credit bad debts expense $2,300. debit accounts receivable $250; credit allowance for doubtful accounts $2,300. debit bad debts expense $2,300; credit accounts receivable $2,300. debit bad debts expense $2,300; credit allowance for doubtful accounts $2,300.

Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300

Explanation:

The journal entry is shown below:

Allowance for Doubtful Accounts A/c Dr $2,300

             To Accounts Receivable A/c $2,300

(Being the written-off amount is recorded)

Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.

its kinda hard to answer this when we dont have all the information that we need.

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability