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Suppose a customer is able to repay the account after his account has been written-off in the amount of $15,000. Record the entry to record
Suppose a customer is able to repay the account after his account has been written-off in the amount of $15,000. Record the entry to record receipt of payment on account.
Select one:
a. Debit Cash $15,000, Credit Allowance for Doubtful Accounts $15,000
b. Debit Cash $15,000, Credit Bad Debt Expense $15,000
c. Debit Bad Debt Expense $15,000, Credit Cash $15,000
d. Debit Cash $15,000, Credit Accounts Receivable $15,000
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