Mitchell Manufacturing determines on February 1 that it cannot collect $45,000 of its accounts receivable from its customer P Valves. Apply the direct write off method to record the bad debt as of February 1. On November 1, P Valves contacts Mitchell Manufacturing to let them know that the company's financial situation has improved greatly and they wish to pay off the $45,000 accounts receivable and resume doing business with Mitchell. They include a check for $45,000.

Record the entry that Mitchell Manufacturing would make to record recovery of this bad debt.