When an Account That Was Written Off Is Later Collected

question 7

Short Answer

When an account that was written off is later collected, the entry to reverse the write-off is recorded as a ____________________ to Accounts Receivable and the customer's account.

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Definitions:

Photosynthesis

A method by which plants and other organisms transform light energy, often from the sun, into chemical energy that can subsequently be utilized to power the organism's functions.

Third Trophic Level

The level in an ecosystem's food chain occupied by secondary consumers, which eat primary consumers.

Herbivore

An animal that feeds on plants or algae. Also called primary consumer.

Ecosystems

Groups of living beings interacting with the inanimate elements of their surroundings as a cohesive system.