Question: Ciano Landscaping Company uses the allowance method to account for its uncollectible accounts. Three years ago, it wrote off a $ 40,000 account due from

Ciano Landscaping Company uses the allowance method to account for its uncollectible accounts. Three years ago, it wrote off a $ 40,000 account due from Haber Incorporated. Haber paid this account in full on June 30 of the current year. Prepare the journal entries required to record the recovery of the Haber account.

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