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March 11 Dexter determines that it cannot collect $9,200 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full
| March | 11 | Dexter determines that it cannot collect $9,200 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.
- Record write off of Leer Co. account.
| Date | General Journal | Debit | Credit |
|---|---|---|---|
| Mar 11 | |||
Record the reinstatement of an account previously written off.
| Date | General Journal | Debit | Credit |
|---|---|---|---|
| Mar 29 | |||
Record the cash received on account.
| Date | General Journal | Debit | Credit |
|---|---|---|---|
| Mar 29 | |||
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Accounting For Managers And Entrepreneurs
Authors: Charles T. Horngren
9th Edition
1323167897, 9781323167892
