When an uncollectible account has been written off and is now recovered, the entry reverses the original
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When an uncollectible account has been written off and is now recovered, the entry reverses the original write-off by debiting Accounts Receivable and crediting the Allowance for Doubtful Accounts. Then the cash received is debited and the Accounts Receivable is credited.
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Related Book For
College Accounting A Practical Approach Chapters 1-26
ISBN: 9780130911421
8th Edition
Authors: Jeffrey Slater
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