Company aplies the direct write-off method in accounting for uncollectible accounts. Prepare bemal entries to record the following selected transactions of Dexter. Exercise 7-4 Direct write-off method P1 Dexter Dexter determines that it cannot collect $45,000 of its accounts receivable from its customer Leer Company Mar. 11 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt