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At the end of 2021, Bonita Industries has accounts receivable of $738,200 and an allowance for doubtful accounts of $22,780.

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ANSWER:

sr. no

Account title Debit ($) Credit ($)
1

allowance for doubtful accounts

Accounts receivable

4020

.

.

4020

2

Accounts receivable

Allowance for doubtful accounts

(To record recovery of accounts receivable)

4020

.

.

4020

2

Cash

Accounts receivable

(to record collection of accounts receivable)

4020

.

.

4020

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