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A customer that owes your company $6,000 for goods purchased has gone bankrupt. What journal entry should your company make to write-off this receivable?
a. Debit Allowance for Doubtful Accounts $6,000, credit Accounts Receivable $6,000
b. Debit Accounts Receivable $6,000, credit Allowance for Doubtful Accounts $6,000
c. Debit Allowance for Doubtful Accounts $6,000, credit Cash $6,000
d. Debit Cash $6,000, credit Accounts Receivable $6,000
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