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