Writing off an account under the allowance method
Transaction
The company uses the allowance method. A customer’s account of $4,000.00 is now determined to be uncollectible and is written off.
Assumptions: The Allowance for Doubtful Accounts has a credit balance larger than this account. No sales tax applies.
Accounts
Tap an account, then choose Debit or Credit and type the amount. × removes a line.
Debit
No lines yet. Choose an account above.
Credit
No lines yet. Choose an account above.
Debits $0.00Credits $0.00
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