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Prepare entries to record the in accounts receivable

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During 1992, a company had $200,000 of specific accounts written off as Uncollectible. Of these accounts written off, recei ables totalling $20,000 were subsequently collected. The company makes adjusting entries for incollectible accounts only at years end.

Question 1: Prepare entries to record the $20,000 in accounts receivable which were unexpectedly collected.

Reference no: EM132606257

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