what is the effect at the time of the collection of an account previously written of 604398
A company uses the allowance method to recognize uncollectible accounts expense. What is the effect at the time of the collection of an account previously written off on each of the following accounts?
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|
Allowance for uncollectible accounts |
Uncollectible accounts expense |
|
|
a. |
No effect |
Decrease |
|
b. |
Increase |
Decrease |
|
c. |
Increase |
No effect |
|
d. |
No effect |
No effect |