Question: Exercise 7 - 4 ( Algo ) Direct write - off method LO P 1 Dexter Company uses the direct write - off method. March

Exercise 7-4(Algo) Direct write-off method LO P1
Dexter Company uses the direct write-off method.
March 11 Dexter determines that it cannot collect $9,400 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.
Prepare journal entries to record the above transactions.
Journal entry worksheet
Record write-off of Leer Company account.
Note: Enter debits before credits.
Exercise 7-4(Algo) Direct write-off method LO P1 Dexter Company uses the

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