Recovery of receivable previously written off, $700. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit 700 |Accounts Receivable Allowance for Bad Debts Aug. 700 tten off receivable. Now prepar Collected cash on account. Debit Credit tRecord sales for the month. Aug Recorded bad debts expense for the period.700 Reinstated previously written off account Wrote off uncoilectible accounts 700