Answer:
Dr Accounts Receivable
Cr Allowance for Doubtful Accounts
Dr Cash
Cr Accounts Receivable
Explanation:
Based on the information given we were told that two months ago when the company customer went bankrupt the company first wrote off the amount of $350 in accounts receivable in which the customer later reorganizes and now pays the amount of $350 which means that what the company should do is to first Debit Accounts Receivable and Credit Allowance for Doubtful Accounts and Then Debit Cash and Credit Accounts Receivable.
Dr Accounts Receivable
Cr Allowance for Doubtful Accounts
Dr Cash
Cr Accounts Receivable
