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Question 1: Henderson Corporation collected an account of $5,600 that had been previously written off. Henderson's accountant debited accounts receivable and credited allowance for doubtful accounts for $5,600 to reinstate the account. What is the next entry the accountant should make?
Group of answer choices
Option 1: Cash 5,600
Bad debt expense 5,600
Option 2: Cash 5,600
Accounts Receivable 5,600
Option 3: Accounts Receivable 5,600
Option 4: No additional entry is needed
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