question after writing off a customer 39 s account a company using the allowance met 4305587

question after writing off a customer 39 s account a company using the allowance met 4305587

Question

After writing off a customer's account, a company using the allowance method subsequently collected the account in full. It should:

Select one:

A. Debit Cash and credit Accounts Receivable

B. Debit Cash and credit Miscellaneous Income

C. Debit Accounts Receivable and credit Allowance for Uncollectible Accounts

D. Both A) and C)

E. None of the above

Which of the following depreciation methods most closely relates periodic depreciation expense to the periodic use of the asset?

Select one:

A. Straight line.

B. Units of production.

C. Double-declining balance

D. None of the above

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