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203 Test 3 Spring 2021 Help Save & Exit Submit 5 On July 5, 2021,...

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Accounting

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203 Test 3 Spring 2021 Help Save & Exit Submit 5 On July 5, 2021, EP I believed that it would not be able to collect an AR for Verity Enterprise. Therefore, EP wrote-off the $1200 receivable. On August 15. Verity Enterprises mailed a check to EP for $1.200 to pay the balance of their account in full. To record the recept of this payment, EP should record which of the following entries? Multiple Choice A 16:30 detto Accounts Receivable and a credit to Bed Debt Expense, then a debt to Chand credit to Accounts Recent a debito Cash and credit to Bad Debt Expense, then a debit to Allowance for both. A ans and credit to Accounts Receivable debt to Allowance to Duted Accounts and credit to Accounts Receivable than a cento cash and credit Bed Debt Espera, debt to Accounts received to Alce for our Accounts then debito in and a credit Accounts Recebe Me GEN

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