Question: Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $55,000 of its accounts receivable from its customer, P.

1 that it cannot collect $55,000 of its accounts receivable from its

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $55,000 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 ist Journal entry worksheet 1 2 > Record the reinstatement of the account previously written off. Note: Enter debits before credits General Journal Debit Credit Date Oct 30 Recedy Clear entry View general journal Type here to search BI REDESIGNED. RELIABLE. READY FOR YOU Solstice Company, which uses the direct write-off method, determines on October 1that it cannot collect $55,000 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

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