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Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $9,600 of its accounts receivable from Leer Co. 29 Leer

Dexter Company uses the direct write-off method.

March 11 Dexter determines that it cannot collect $9,600 of its accounts receivable from Leer Co.
29 Leer Co. 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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