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7 Q 4 Dexter Company applies the direct write-off method in accounting for uncollectible accounts. March 11 Dexter determines that it cannot collect $8,500 of

7 Q 4

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Dexter Company applies the direct write-off method in accounting for uncollectible accounts. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from its customer Leer Company Prepare journal entries to record the above selected transactions of Dexter. 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt

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