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DeVries uses an allowance method for recording bad debts. Devries previously wrote off a $1,000 of accounts recievable from Morris corporation. However, Morris subseqently paid
DeVries uses an allowance method for recording bad debts. Devries previously wrote off a $1,000 of accounts recievable from Morris corporation. However, Morris subseqently paid the full abount. The entry to record collection would include: Credit allowances for uncollectible accounts for $1000 Credit cash 1000 A credit to uncollectible accounts expenses for 1,000 Debit uncollectible accounts expense for 1000 None of the above
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