Question: On May 5 , a company determines that it cannot collect $68,000 of its accounts receivable from a customer. The company uses the direct write-off

On May 5 , a company determines that it cannot collect $68,000 of its accounts receivable from a customer. The company uses the direct write-off method to record this loss on May 5. On May 31, the customer unexpectedly pays the account in full to the company. Prepare journal entries for recovery of this bad debt. Journal entry worksheet 2 Record the reinstatement of the account previously written off. Note: Enter debits betore credits. Journal entry worksheet Record the cash received on account. Note: Enter debits before credits

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