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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 $9,800 of its accounts receivable
Dexter Company applies the direct write-off method in accounting for uncollectible accounts. March 11 Dexter determines that it cannot collect $9,800 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. View transaction list 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 entry Clear entry View general journal Journal entry worksheet 1 2 Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit March 29 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Record the reinstatement of an account previously written off. Note: Enter debits before credits. General Journal Date Debit Credit March 29 Record entry Clear entry View general journal
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