In 2004, the chief accountant decided an account for $250 which had been considered as 'uncollectible' should be written

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answerhappygod
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In 2004, the chief accountant decided an account for $250 which had been considered as 'uncollectible' should be written

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In 2004, the chief accountant decided an account for $250 whichhad been considered as 'uncollectible' should be written off.Recording this write off would require:
Multiple Choice
restating Net Income for 2003 to show the reduction of $250
None of the other alternatives are correct
recording a Dr to Uncollectible Accounts Expense of $250
recording a Operating Cash outflow of $250
recording a Dr to the Allowance for Uncollectible AccountsExpense
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