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I know that AFDA is a contra account to asset. My question is: why AFDA is credited to 1,000 rather than debited 1,000 after it
I know that AFDA is a contra account to asset. My question is: why AFDA is credited to 1,000 rather than debited 1,000 after it get paid?
FACTS On July 1, 2026, Randall Co. pays the $1,000 amount that Brown Furniture had written off on March 1. QUESTION What entry (entries) should Brown make to record this recovery? SOLUTION Example 6.10 Recovery of Uncollectible AccountStep by Step Solution
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