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The journal entry to record the reinstatement of the account receivable must include a credit to the bad debts expense account before recording a debit to the cash account.
The entry to record estimated bad debts will include a debit to bad debts expense in the amount of. View Homework Help - ACCT 211 Homework 7 Accounting for receivables Liberty University coursehero answersdocx from ACCT 211 at University of Pennsylvania. The entry to record estimated bad debts will include a debit to bad debts expense in the amount of. In November Johns pays the balance in full. The journal entry to record the reinstatement of the account receivable must include a credit to the bad debts expense account before recording a debit to the Cash account. In August Johns Cos account receivable balance was written off using the direct method.
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