Question: Exercise 7-4 (Algo) Direct write-off method LO P1 Dexter Company uses the direct write-off method. March is Dexter determines that it cannot collect $9,300 of

the direct write-off method. March is Dexter determines that it cannot collect

$9,300 of its accounts receivable from Leer Company. March 29 Leer Company

unexpectedly pays its account in futl to Dexter Company. Dexter records its

Exercise 7-4 (Algo) Direct write-off method LO P1 Dexter Company uses the direct write-off method. March is Dexter determines that it cannot collect $9,300 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in futl to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions. Journal entry worksheet Note: Enter deblts before credits Prepare journal entries to record the above transactions. Journal entry worksheet Record write-off of Leer Company account. Note: Enter debits before credits. Prepare journal entries to record the above transactions. Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. Prepare journal entries to record the above transactions. Journal entry worksheet Record the cash recelved on account. Note: Enter debits before credits

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