Recording the account reinstatement

Assignment Help Accounting Basics

Reference no: EM13140113

If a customer pays her bill after her account has already been written off, the company receiving the payment should record the account reinstatement with:

a. a credit to bad debt expense.

b. a credit to allowance for doubtful accounts.

c. a credit to cash.

d. a debit to bad debt expense.

e. None of the above is correct.

Reference no: EM13140113

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