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Jade Corp. received a $1,700 cash payment from a customer after the customer's balance had been written off by Jade Corp. using the Allowance method.
Jade Corp. received a $1,700 cash payment from a customer after the customer's balance had been written off by Jade Corp. using the Allowance method. The journal entries recorded by Jade Corp. for the recovery would include a credit to: O A. Sales Revenue O B. Cash O C. Bad Debt Expense O D. Allowance for Doubtful Accounts
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