Dexter Company uses the direct writeoff method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. 6.73 points Prepare journal entries to record the above transactions. eBook Journal entry worksheet Hmt References Record wm|| Accounts payableLeer Company Accounts receivableLeer Company Note: Enter det Allowance for doubtful accounts ' Bad debts expense March 11 Record entry m View general journal 1 0 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 905,000 Credit sales 305 , 000 5-73 Its yearend unadjusted trial balance includes the following items. points Accounts receivable $ 130,000 debit Allowance for doubtful accounts 5,500 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of yearend accounts receivable. eBook Hint View transaction list References Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. Note: Enter debits before credits. December 31