The normal balance of the account "Allowance for Uncollectible Accounts" is a ________ because ________.
A) Debit; it is a contra account to Revenue (a credit account)
B) Credit; it is a contra account to Accounts Receivable (a debit account)
C) Debit; it is an expense in the income statement
D) Credit; it is a contra account to Bad Debt Expense (a debit account)
Answer: Credit; it is a contra account to Accounts Receivable (a debit account)
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