What is the journal entry for bad debt.
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The entry to write off the bad account is done as follows---
1) a credit to Accounts Receivable to remove the amount that is not collected
2) a debit to Bad Debts Expense of the amount of the loss on the company's income statement
1) a credit to Accounts Receivable to remove the amount that is not collected
2) a debit to Bad Debts Expense of the amount of the loss on the company's income statement
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