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Prepare the journal entry to record the reinstatement of the accounts receivable. What accounts and values are involved in this entry?

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Final answer:

The journal entry to record the reinstatement of accounts receivable involves the Accounts Receivable and Allowance for Doubtful Accounts accounts.

Step-by-step explanation:

The journal entry to record the reinstatement of accounts receivable involves two accounts: Accounts Receivable and Allowance for Doubtful Accounts.

When the accounts receivable is reinstated, it means that previously written-off accounts are being recognized as collectible again. Therefore, the journal entry will be:

Accounts Receivable Dr.

Allowance for Doubtful Accounts Cr.

Both accounts will be recorded at their respective values.

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