AC 121 #11 #1)Dexter Company applies the direct write-off method in accounting for uncollectible accounts. (hint use the account: Bad Expense) March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable from its customer Leer Company 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above selected transactions of Dexter. # 2 Daley Company estimates uncollectible accounts using the allowance method at December 31-(hint use the account: Allowance for Doubtful Accounts & Accounts Receivable for the specific company) a. On February 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5 of that next period, the company unexpectedly received a $900 payment on a customer account, Oakley Company that had previously been written off in part a. Prepare the entries necessary to reinstate the account and to record the cash received #3 Listed below are a few transactions and events of Piper Company. Hint use Eamed and Unearned Revenue accounts) Piper Company records a year-end entry for $10,000 of previously unrecorded cash sales (costing $5,000) and its sales taxes at a rate of 4%. 1. 2. The company eamed $50,000 of $125,000 previously received in advance and originally recorded as unearned services revenue. Prepare any necessary adjusting entries at December 31, 2017, for Piper Company's yea- end financial statements for each of the above separate transactions and events. (Piper has the policy of recording cash received in advance in balance sheet accounts.)