Question: 1 Exercise 7-4 Direct write-off method LO P1 nts Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500

1 Exercise 7-4 Direct write-off method LO P1 nts Dexter Company

1 Exercise 7-4 Direct write-off method LO P1 nts Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions. eBook View transaction list Hint Journal entry worksheet eferences Record write off of Leer Co. account. Note: Enter debits before credits. General Journal Debit Credit Date March 11 Record entry Clear entry View general journal

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