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Dexter Company uses the direct write - off method. March 1 1 Dexter determines that it cannot collect $ 9 , 4 0 0 of
Dexter Company uses the direct writeoff method.
March Dexter determines that it cannot collect $ of its accounts receivable from Leer Company.
March 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 transactions.
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