Which Entry Would Be the Correct Entry to Record That

Which entry would be the correct entry to record that a not-for-profit entity collected $80,000 of amounts pledged and also wrote off $3,000 of amounts pledged that were previously estimated as amounts uncollectible? DEBIT CREDIT

A) Pledges Receivable $80,000 Cash $80,000
B) Cash $80,000 Pledges Receivable $80,000
C) Pledges Receivable $80,000 Allowance for uncollectible pledges 3,000 Cash $83,000
D) Cash $80,000 Pledges Receivable $83,000 Allowance for uncollectible
Pledges $3,000
E) Cash $80,000 Unrestricted net assets-contributions $83,000 Allowance for uncollectible
Pledges $3,000

Correct Answer:

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