We use the allowance method of accounting for bad debt. In March, we wrote off...
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Accounting
We use the allowance method of accounting for bad debt. In March, we wrote off a $700 account. Subsequently, the customer paid us in full. The Journal entry necessary when the customer pays off his written off account includes: 1. a debit to A4DA 2. a debit to Cash 3. a credit to AR Multiple Choice Both Statement 2 and 3 Both Statement 1 and 3 o Only Statement #1 O Only Statement #2 Only Statement #3
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