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Newton Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Newton Company wrote off the $2,100 uncollectible account of its

Newton Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Newton Company wrote off the $2,100 uncollectible account of its customer, P. Stanley. On July 10, Newton received a check for the full amount of $2,100 from Stanley. On July 10, the entry or entries Newton makes to record the recovery of the bad debt is:

A

Cash 2,100
Accounts Receivable P. Stanley 2,100

B

Accounts Receivable P. Stanley 2,100
Allowance for Doubtful Accounts 2,100
Cash 2,100
Accounts Receivable P. Stanley 2,100

C

Cash 2,100
Bad Debts Expense 2,100

D

Allowance for Doubtful Accounts 2,100
Accounts Receivable P. Stanley 2,100
Accounts Receivable P. Stanley 2,100
Cash 2,100

E

Accounts Receivable P. Stanley 2,100
Bad Debts Expense 2,100
Cash 2,100
Accounts Receivable P. Stanley 2,100

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