Question: Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $50,000 of its accounts receivable from its customer, P.

1 that it cannot collect $50,000 of its accounts receivable from its

customer, P. Moore. On October 30, P. Moore unexpectedly pays his account

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $50,000 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 Journal entry worksheet 1 2 Record the reinstatement of the account previously written off. Note: Enter debits before credits Date Debit Credit Oct 30 Accounts payable-P. Moore Accounts receivable--P. Moore Allowance for doubtful accounts Bad debts expense Record entry Clear entry View general journal Journal entry worksheet

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