Use the account code numbers to identify how the following transactions would be journalized.
[1] Accounts Receivable
[2] Allowance for Doubtful Accounts
[3] Cash
[4] Bad Debts Recovered
[5] Bad Debts Expense
-Decrease the allowance for the estimated bad debts using the percentage of receivables.
Debit account ________ Credit account ________
Correct Answer:
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