What journal entry abc company should make to recover

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Reference no: EM132963118

Problem 1: ABC Company unexpectedly received the accounts receivable payment from XYZ Company. The accounts were previously written off. What journal entry ABC Company should make to recover the receivables?

a. No entry needed
b. Debit Allowance for Uncollectible Receivables; Credit Accounts Receivables
c. Debit Accounts Receivable, Credit Bad Debit Expense
d. Debit Accounts Receivable; Credit Allowance for Uncollectible Receivables

Reference no: EM132963118

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