Reporting Standards, Inc. recovered a bad debt from Plodding, Inc. in October 20X3 in the amount of $350 that was previously written off by Reporting Standards, Inc. in November 20X2. Reporting Standards, Inc. utilizes the percentage of sales method to estimate bad debts. What journal entry is required in October 20X3?

A) Bad debt expense 350 Allowance for uncollectible accounts 350

B) Allowance for uncollectible accounts 350 Bad debt expense 350

C) Bad debt expense 350 Accounts receivable 350

D) Accounts receivable 350 Allowance for uncollectible accounts 350

E) Accounts receivable 350 Allowance for uncollectible accounts 350 Cash 350 Accounts receivable 350