Digital Office Elite Company writes off $800 of the Accounts Receivable owed by Pat Thompson. Pat Thompson did end up paying the $800, so Digital Office Elite Company reversed the write off. Using the allowance method, what is the journal entry to show receiving the cash from Pat Thompson after the write off on his account is reversed?

Digital Office Elite Company writes off $800 of the Accounts Receivable owed by Pat Thompson. Pat Thompson did end up paying the $800, so Digital Office Elite Company reversed the write off. Using the allowance method, what is the journal entry to show receiving the cash from Pat Thompson after the write off on his account is reversed?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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