Theta Company determines that a $6,300 account receivable from CorpCo is uncollectible and writes off the account using the direct write-off method on June 16. On August 21, CorpCo pays the $6,300 to Theta Company.
Journalize the entry for the reinstatement of the account receivable and receipt of cash on August 21. You may omit posting references.

Question

Theta Company determines that a $6,300 account receivable from CorpCo is uncollectible and writes off the account using the direct write-off method on June 16. On August 21, CorpCo pays the $6,300 to Theta Company.​
Journalize the entry for the reinstatement of the account receivable and receipt of cash on August 21. You may omit posting references.

Quizplus · Accepted Answer

The Answer of Theta Company determines that a $6,300 account receivable from CorpCo is uncollectible and writes off the account using the direct write-off method on June 16. On August 21, CorpCo pays the $6,300 to Theta Company.​
Journalize the entry for the reinstatement of the account receivable and receipt of cash on August 21. You may omit posting references.

Theta Company Determines That a $6,300 Account Receivable from CorpCo