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After writing off a $300 account balance for Ballman Company using the allowance method, Ballman Company sends in the payment. The journal entry to reverse
After writing off a $300 account balance for Ballman Company using the allowance method, Ballman Company sends in the payment. The journal entry to reverse the write off using the allowance method is: O O O Date Date Date Date Accounts Bad Debts Expense Accounts Receivable Accounts Accounts Receivable Allowance for Bad Debts Accounts Allowance for Bad Debts Accounts Receivable Accounts Accounts Receivable Bad Debts Expense Debit Credit 300 Debit Credit 300 Debit Credit 300 300 Debit Credit 300 300 300 300
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