If a customer pays her bill after her account has already been written off, the company receiving the payment should record the account reinstatement with which of the following?

Question

Quizplus · Accepted Answer

When a previously written-off account is paid, the company should reinstate the account by crediting the allowance for doubtful accounts and debiting accounts receivable. This reverses the write-off entry.

If a Customer Pays Her Bill After Her Account Has