Question: Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $70,000 of its accounts receivable from its customer, P.

1 that it cannot collect $70,000 of its accounts receivable from its

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $70,000 of its accounts receivable from its customer, P. Moore. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries for recovery of this bad debt. View transaction list Journal entry worksheet 2 > Record the reinstatement of the account previously written off. Note: Enter debits before credits Date General Journal Debit Credit Oct 30 Record entry Clear entry View general journal Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $70,000 of its accounts receivable from its customer, P. Moore. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries for recovery of this bad debt. View transaction list Journal entry worksheet 1 3. Record the cash received on account. Note: Enter debits before credits General Journal Debit Credit Date Oct 30 Record entry Clear entry View general journal

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