Multiple Choice
The journal entry to record the recovery of a previously written-off $2,000 account receivable (for customer Leno Company) under the allowance method would include:
A) a credit to Bad Debt Expense.
B) a credit to Cash.
C) a debit to Accounts Payable - Leno Company.
D) a credit to Allowance for Doubtful Accounts.
Correct Answer:
Verified
Correct Answer:
Verified
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