Compatibilty Mode - Saved Durye Muhammad - Chapter Nine Search 0 X Comments Design Layout References Mailings Review View Help Share 20) Mandy Smith's account was written off last year. She owed City Company $5,000. Using the allowance method, the journal entry to reinstate her account involves: A) a debit to Smith's account receivable and a credit to bad-debt expense B) a debit to bad-debt expense and a credit to Smith's account receivable C) a debit to allowance for doubtful accounts and a credit to Smith's account receivable D) a debit to Smith's account receivable and a credit to allowance for doubtful accounts 21) Using the balance-sheet approach to estimate uncollectibles, accounts that are 90 days old are A) less likely to be collected than accounts 360 days old B) more likely to be collected than accounts 30 days old C) equally likely to be collected as accounts 360 days old D) less likely to be collected than accounts 30 days old ??) The current credit balance in allowance for doubtful accounts before adjustment is $658. An