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Part 1 of 2 of 1 Peter Landscaping Company uses the allowance method to account for its uncollectible accounts. Three years ago, it wrote off

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Part 1 of 2 of 1 Peter Landscaping Company uses the allowance method to account for its uncollectible accounts. Three years ago, it wrote off a $45,000 account due from Willette Incorporated. Willette paid this account in full on June 30 of the current year. Prepare the journal entries required to record the recovery of the Willette account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the entry to reinstate the account balance that was previously written off. Do not record the cash collection. We will do that in the next step. Account June 30 Begin by recording the entry to reinstate the account balance that was previously written off. Do not record the cash collection. We will do that in the next step. Account June 30 play Accounts Payable Accounts Receivable - Willette, Inc. Allowance for Uncollectible Accounts Bad Debt Expense Cash

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