A company has been notified that a customer has been declared bankrupt. The company had previously made an allowance for this debt.
Which of the following is the correct double entry to account for this new information?
A、Dr Irrecoverable debts Cr Receivables
B、Dr Receivables Cr Irrecoverable debts
C、Dr Allowance for receivables Cr Receivables
D、Dr Receivables Cr Allowance for receivables