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Two months ago, your company wrote off a receivable account for a customer because it was deemed unlikely to be collectible. Today, due to a
Two months ago, your company wrote off a receivable account for a customer because it was deemed unlikely to be collectible. Today, due to a change in circumstances, you learned that this amount will definitely be collected in the near future. What is the entry required to reinstate the customer's balance? Select one: a. Increase Accounts Receivable, increase Allowance for Doubtful Accounts O b. Decrease Allowance for Doubtful Accounts, decrease Accounts Receivable C. Increase Accounts Receivable, increase Bad Debt Expense d. Decrease Allowance for Doubtful Accounts, decrease Bad Debt Expense O
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