Exercise 7-4 (Algo) Direct write-off method LO P1 Dexter Company uses the direct write-off method. Mareh 11 Dexter determines that it cannot collect $9,600 of its accounts recelvable from Leer Company. Mareh 29 Leer Coepany unoxpectedly pays its account in full to Dexter Company. Dexter recordin its recovery of this bad Prepare journal entries to record the above transactions. Journal entry worksheet Record write-off of Leer Company account. Note: Enter debits before credits. Prepare journal entries to record the above transactions. Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. Journal entry worksheet 1 Record the cash recelved on account. Note: Enter debits before credits