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Dexter Company apples the direct write-off method In accounting for uncollectible accounts. March 11 Dexter deternines that it cannot collect $9,400 of its accounts receivable

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Dexter Company apples the direct write-off method In accounting for uncollectible accounts. March 11 Dexter deternines that it cannot collect $9,400 of its accounts receivable from its customer Leer Company 29 Leer Company unexpectedly pays its account of this bad debt. in full to Dexter Company. Dexter records its recovery Prepare journal entrles to record the above selected transactions of Dexter Vlew transacbon llst Journal entry worksheet 1 2 3 Record write off of Leer Company account. Note: Enter debits before credits. Date General Journal Debit Credit March 11 Record ontry Clear entry Vlew general journal A At year-end (December 31), Chan Company estimates Its bad debts as 0.90 % of Its annual credit sales of $717,000. Chan records Its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $359 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously wrtten off. Prepare the journal entries for these transactions. View transaction list Journal entry worksheet K 2 4 Record the estimated bad debts expense. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear antry Vlew general journal A

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