The Journal Entry to Record the Recovery of a Previously

question 88

Multiple Choice

The journal entry to record the recovery of a previously written-off $2,000 account receivable (for customer Leno Company) under the allowance method would include:

• A)a credit to Bad Debt Expense.
• B)a credit to Cash.
• C)a debit to Accounts Payable - Leno Company.
• D)a credit to Allowance for Doubtful Accounts.

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Definitions:

Canadian Human Rights Commission

A government agency responsible for promoting and enforcing human rights, addressing discrimination, and ensuring equality across Canada.

Discrimination

Unfair treatment of individuals based on characteristics such as race, age, gender, disability, or religion, which is prohibited in many aspects of employment and public life.

Mediation

A form of alternative dispute resolution where a neutral third party helps two or more sides negotiate to resolve a conflict.

Employment Equity Criteria

Standards used to ensure fairness in hiring, promotion, and treatment of employees, typically addressing discrimination against women, minorities, and other marginalized groups.