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Sagot :
The correct option is C : Account receivable is reduced , Accounts receivable discounted refers to the sale of unpaid outstanding bills for a cash amount less than its face value.
It is an accounting technique in which the value of accounts receivable (AR) on a company's balance sheet is discounted in exchange for cash balances.
When a certain customer's account is determined to be uncollectible, the journal entry used to write off the account is as follows: Accounts Receivable credit (to remove the amount that will not be collected) A reduction in the Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
Learn more about to account receivable visit here;
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Full Question ;
When a specific account receivable is determined to be uncollectible, which of the following occur? (Select all that apply.
A Net income is reduced.
B The gross amount of accounts receivables is reduced.
C The allowance account is reduced.
D Bad debt expense is increased.
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