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What entry or entries will gideon make to record recovery

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Problem 1: Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, what entry or entries will Gideon make to record the recovery of the bad debt?

Reference no: EM132814911

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