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S 7-3 (Algo) Recovering a bad debt LO P1 Solstice Company determines on October 1 that it cannot collect $59,000 of its accounts receivable from
S 7-3 (Algo) Recovering a bad debt LO P1 Solstice Company determines on October 1 that it cannot collect $59,000 of its accounts receivable from its customer, P. Moore. It uses the direct write-off method to record this loss as of October 1. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries for recovery of this bad debt. View transaction list Journal entry worksheet 1 2 Record the reinstatement of the account previously written off. Note: Enter debits before credits. Date October 30 General Journal Debit Credit Record entry Clear entry View general journ
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