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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
1 Answer/Comment
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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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If an expenditure that is expected to benefit future periods is made during one accounting period, the cost should be divided and charged as an expense during each period benefited. (a) True (b) False
Weegy: If an expenditure that is expected to benefit future periods is made during one accounting period, the cost should be divided and charged as an expense during each period benefited. TRUE. (More)
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Updated 2/10/2016 6:55:53 PM
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. 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 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 5/12/2015 2:02:22 PM
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