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When a company collects payment from a customer after it has written her account receivable off as uncollectible, which of the following statements is true?
When a company collects payment from a customer after it has written her account receivable off as uncollectible, which of the following statements is true?
the company should reverse the journal entry making the write off | ||
the company should just debit Cash and credit Allowance for Doubtful Accounts to save time. | ||
the company should reverse the journal entry making the write off and then journalize the cash collection from the customer | ||
the company should journalize the cash collection from the customer |
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