Dexter Company applies the direct write-off method in accounting for uncollectible accounts March 11 Dexter determines that it cannot collect $8,700 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 View journal entry worksheet Date General Journal Debit Credit March 11 Cash 8,700 Accounts receivable-Leer Co 8,700 2 March 29 Accounts receivable-Leer Co 700 Bad debts expense 700 March 29 Cash 700 Accounts receivable-Leer Co 700 Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet An aging analysis estimates that 6% of year-end accounts receivable are uncollectible Note: Enter debits before credits. Transaction General Journal Debit Credit . Record entry Clear entry View general journal Required information The following information applies to the questions displayed below. At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,596,170 3,800,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for $1,151,400 debit 19,230 debit doubtful accounts 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that bad debts are estimated to be 3% of credit sales. Current assets Required information The following information applies to the questions displayed below. At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,596,170 3,800,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,151,400 debit 19,230 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that an aging analysis estimates that 6% of year-end accounts receivable are uncollectible Current assets