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Mandy Smith's account was written off last year. She awed Chy Company $5.000. Using the allowance method, the journal entry to reinstate her account involves
Mandy Smith's account was written off last year. She awed Chy Company $5.000. Using the allowance method, the journal entry to reinstate her account involves OA a debit to bad debt expense and a credit to Smith's account receivable OB. a debt to Smith's account receivable and a credit to bad-debtespense Ca debit to allowance for doubtful accounts and credit to Smith's account receivable D. a debit to Smith's account receivable and a credit to allowance for doubtful accounts
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