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Acel Co. uses the allowance method to account for bad debts. Early in 2010, Acel determined that it could not collect $400 from CTR, Inc. and wrote the balance off. On October 21, Acel received a check
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Acel Co. uses the allowance method to account for bad debts. Early in 2010, Acel determined that it could not collect $400 from CTR, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to?

User Mousavian
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7 votes

Answer:

Accounts Receivables and Cash are debited

Step-by-step explanation:

User Conner Dassen
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2 votes

Answer:

Accounts Receivable

Step-by-step explanation:

User Pervin
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