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A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the
customer's account included a credit to Sales. Accounts Receivable. Uncollectible Accounts Expense. Allowance for Doubtful Accounts.
A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to Allowance for Doubtful Accounts.
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User: A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to Sales. Accounts Receivable. Uncollectible Accounts Expense. Allowance for Doubtful Accounts.

Weegy: Accounts Receivable
Evoere|Points 60|

Question
Asked 10/21/2012 4:04:43 PM
Updated 10/21/2012 4:24:18 PM
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A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to Allowance for Doubtful Accounts.
Added 10/21/2012 4:24:19 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by sujaysen [2/27/2014 12:47:48 PM]
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Questions asked by the same visitor
. The balance of the Allowance for Doubtful Accounts account is reported as (Points : 5) a liability on the balance sheet. a deduction from Sales on the income statement. a deduction from Accounts Receivable on the balance sheet. an expense on the income statement.
Weegy: 3. Fees Income and John Smith, Capital (More)
Question
Updated 81 days ago|5/12/2015 2:02:23 PM
1 Answer/Comment
The balance of the Allowance for Doubtful Accounts account is reported as: a deduction from Accounts Receivable on the balance sheet.

Added 81 days ago|5/12/2015 2:02:22 PM
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