Question
THORDON ARI Disposition of Accounts Receivable Fisher Manufacturing uses the allowance method of writing off doubtful accounts. On March 1, Fishers wrote off what
THORDON ARI Disposition of Accounts Receivable Fisher Manufacturing uses the allowance method of writing off doubtful accounts. On March 1, Fishers wrote off what it believed to be an uncollectible receivable from Mega Corporation for $3,145. Later, on July 1, Fisher received the $3,145 from Mega. Which of the following entries should Fisher make? Accounts Receivable-Mega Corporation Debit of $3,145; Allowance for Doubtful Accounts-Credit of $3.145 Allowance for Doubtful Accounts Debit of $3,145: Bad Debt Expense-Credit of $3.145 Accounts Receivable-Mega Corporation - Debit of $3,145: Bad Debt Expense Credit of $3.145 Cash Debit of $3,145; Bad Debt Expense Credit of $3,145 - Save for Later Submit Answer
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