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PART (A): Badr Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Badr Company wrote off the $3,000 uncollectible account
PART (A): Badr Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Badr Company wrote off the $3,000 uncollectible account of its customer, P. Best. On July 10, Badr received a check for the full amount of $3,000 from P. Best. Required: Prepare the journal entry(ies) related to the recovery of the bad debt on July 10. General Journal Date Account Title Debit Credit July 10
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