Question

When comparing the direct write-off method and the allowance method of accounting for uncollectible accounts, the entry to reinstate a previously written off accounts under the allowance method would include:

Answer 1

The entry to reinstate a previously written off accounts would include: debiting accounts receivable; crediting to Bad Debt Expense .

What is account receivable?

Account receivable can be defined as the money a company is expected to receive from their client for the service they rendered to the client .

The appropriate  journal entry to reinstate a previously written off accounts is

Debit Accounts receivable

Credit Bad Debt Expense

Therefore the entry to reinstate a previously written off accounts would include: debiting accounts receivable; crediting to Bad Debt Expense.

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