Question: Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable from Leer Co. 29 Leer

29 Leer Co. unexpectedly pays its account in full to Dexter Company.

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 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. View transaction list Journal entry worksheet 1 2 3 Record write off of Leer Co. account. Note: Enter debits before credits Date General Journal Credit Debit March 11 Record entry Clear entry View general Journal Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 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. View transaction list Journal entry worksheet Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 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. View transaction list Journal entry Worksheet 2 3 Record the cash received on account. Note: Enter debits before credits Date General Journal Credit Debit March 29 View general Journal Clear entry Record entry

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