Gwhich of the following is true about t accounts? a. the left side of a t account is called the credit side. b. the right side of a t account is called the debit side. c. the left side of a t account is called the debit side. d. transactions are first recorded in t accounts and then posted to the journal.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false