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8. Mandy Smith's account was written off last year. She owed City Company $5,000. Using the allowance method, the journal entry to reinstate her account
8. Mandy Smith's account was written off last year. She owed City Company $5,000. Using the allowance method, the journal entry to reinstate her account involves: a. a debit to Smith's account receivable and a credit to bad-debt expense b. a debit to allowance for doubtful accounts and a credit to Smith's account receivable c. a debit to bad-debt expense and a credit to Smith's account receivable d. a debit to Smith's account receivable and a credit to allowance for doubtful accounts e. a debit to cash and a credit to Smith's account receivable
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