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When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include: Select one: a. A credit to Bad Debt Expense b. A debit to Allowance for Doubtful Accounts c. A credit to Allowance for Doubtful Accounts d. A debit to Bad Debt Expense
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Asked 12/11/2013 11:21:51 AM
Updated 199 days ago|5/1/2018 2:04:39 PM
1 Answer/Comment
Flagged by emdjay23 [5/1/2018 2:04:39 PM]
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User: When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include: Select one: a. A credit to Bad Debt Expense b. A debit to Allowance for Doubtful Accounts c. A credit to Allowance for Doubtful Accounts d. A debit to Bad Debt Expense

Question
Asked 12/11/2013 11:21:51 AM
Updated 199 days ago|5/1/2018 2:04:39 PM
1 Answer/Comment
Flagged by emdjay23 [5/1/2018 2:04:39 PM]
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Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a credit to allowance doubtful accounts.
Added 199 days ago|5/1/2018 2:04:38 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [5/2/2018 12:00:12 AM], Masamune [5/2/2018 12:00:12 AM]
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