Question: Under the direct write-off method, to record the receipt of cash after an account has previously being written off, you would first Debit ...........Bad Debt
Under the direct write-off method, to record the receipt of cash after an account has previously being written off, you would first
Debit ...........Bad Debt Expense.
Debit ...........Allowance for Doubtful Accounts.
Reinstate .......the customer's account.
Debit ...........Cash and credit the customer's account.
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