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. $$\begin{array} { | c | c | c | c | c | }
\hline && { \text { Journal } } \
\hline \text { Date } & \text { Description } & \text { Post Ref. } & \text { Debit } & \text { Credit } \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline
\end{array}$$

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. $$\begin{array} { | c | c | c | c | c | } 
\hline && { \text { Journal } } \
\hline \text { Date } & \text { Description } & \text { Post Ref. } & \text { Debit } & \text { Credit } \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline
\end{array}$$

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. $$\begin{array} { | c | c | c | c | c | } 
\hline && { \text { Journal } } \
\hline \text { Date } & \text { Description } & \text { Post Ref. } & \text { Debit } & \text { Credit } \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline & & & & \
\hline
\end{array}$$

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