When an account receivable that was previously written off is later collected, two separate journal entries are

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When an account receivable that was previously written off is later collected, two separate journal entries are usually made rather than one compound journal entry. Explain why.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:12 AM

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When an account receivable that was previously written off is later collected, two separate journal entries are

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Two journal entries are required because the first j...View the full answer

Financial Accounting Tools for Business Decision Making

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