Foreman Co. uses the allowance method to account for uncollectible accounts expense. On June 20, 2013, Foreman wrote-off an uncollectible account in the amount of $3,000. On September 1, 2013, the account was collected. How would the appropriate entries on September 1 affect the financial statements? 
Definitions:
Standard Error
A statistical measure that quantifies the variability or dispersion of a sample mean around the population mean.
Population Size
The total number of individuals or items in the group that is being studied in a statistical analysis.
Normal Population
A statistical term referring to a population that follows a normal distribution where a large number of instances are clustered around the mean.
Probability Distribution
This mathematical method determines the chances of various results happening in an experiment.
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