A Company That Uses the Allowance Method Writes Off a Specific

question 70

Multiple Choice

A company that uses the allowance method writes off a specific account as uncollectible,but then the customer pays.The entries made upon receiving payment will

• A)decrease Cash.
• B)decrease Allowance for Uncollectible Accounts.
• C)increase Allowance for Uncollectible Accounts.
• D)decrease Uncollectible Accounts Expense.

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