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.Moore.

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 paid his account in full to Solstice company Record Solstice's entries to reflect recovery of this bad debt Journal entry worksheet 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

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