Business, 20.01.2020 21:31 Imagine2013
When the allowance method of recognizing uncollectible accounts is used, how would the collection of an account previously written off affect accounts receivable and the allowance for uncollectible accounts? accountsa. no effectdecreaseb. no effectincreasec. increasedecreased. increaseno effectexplanationchoice "b" is correct. accounts receivable - no effect; allowance for uncollectible accounts - increase. under the allowance method, the following journal entries are recorded when an account previously written off is subsequently collected: je #1 - to restore the account previously written off:
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When the allowance method of recognizing uncollectible accounts is used, how would the collection of...
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