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Question(s) / Instruction(s):

Nelson Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Nelson Company wrote off the $2,100 uncollectible account of its customer, P.Best. On July 10, Nelson received a check for the full amount of $2,100 from Best. On July 10, the entry or entries Nelson makes to record the recovery of the bad debt is:

a)            Accounts Receivable – P.Best     2100      

Allowance for Doubtful Accounts                            2100

Cash                                2100            

Accounts Receivable – P.Best                                   2100

b)            Cash                                        2100    

Accounts Receivable – P.Best                                  2100

c)            Cash                                  2100          

Bad Debts Expense                                                               2100

d)            Allowance for Doubtful Accounts   2100

Accounts Receivable – P.Best                                               2100

Accounts Receivable – P.Best                     2100      

Cash                                                                                        2100

e)            Accounts Receivable – P.Best     2100      

Bad Debts Expense                                                           2100

Cash                                                               2100             

Accounts Receivable – P.Best                                         2100

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