Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include aA. credit to Bad Debt ExpenseB. credit to Accounts ReceivableC. debit to Allowance for Doubtful AccountsD. debit to Accounts Receivable

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Business

Dean Roy

28 February, 06:51

Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include aA. credit to Bad Debt ExpenseB. credit to Accounts ReceivableC. debit to Allowance for Doubtful AccountsD. debit to Accounts Receivable

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Simone Holden · Answer 1

D) Debit to Accounts Receivable

Explanation:

If you want to reinstate a specific receivable previously written off you need to do the opposite accounting entry at when the written off was made.

Previously was made a credit in the accounts receivable to deduct the amount of the bad debt, the opposite would be to make a debit in the Accounts receivable ot reflect the reinstanted value.