Exercise 9.4 (Static) Direct write-off method LO P1 Dexter Compony uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable fron Leer Conpany. March 29 Leer Conpany unexpectedty pays its account in full to Dexter Conpany. Dexter records its recovery of this bad debt, Prepare journal entries to record the above transactions. Exercise 9.4 (Static) Direct write-off method LO P1 Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable fron Leer Company. March 29 Leer Company unexpectedly pays its account in fult to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions. Journal entry worksheet Record the reinstatement of an account previously written off. Mote: Enter debits before credits. Exercise 9.4 (Static) Direct write-off method LO P1 Dexter Company uses the direct write-off method. March 11 Dexter deternines that it cannot collect $45,000 of its accounts recelvabte fron Leer Conpany, March 29 Leer Company unexpectedly pays its account in full to Dexter Conpany. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions. Journal entry worksheet