When all of the cash for an account previously written off under the direct write-off method is unexpectedly collected,the correct entry would be:
A)debit Bad Debt Expense and credit Accounts Receivable.
B)debit Accounts Receivable and credit Bad Debt Expense.
C)debit Cash and credit Accounts Receivable.
D)dependent on the period in which the cash was collected.

Question

Quizplus · Accepted Answer

The Answer of When all of the cash for an account previously written off under the direct write-off method is unexpectedly collected,the correct entry would be:
A)debit Bad Debt Expense and credit Accounts Receivable.
B)debit Accounts Receivable and credit Bad Debt Expense.
C)debit Cash and credit Accounts Receivable.
D)dependent on the period in which the cash was collected.

When All of the Cash for an Account Previously Written