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Solstice Company determined on October 1 that it could not collect $58,000 of its accounts receivable from its customer, P. Moore, it used the direct
Solstice Company determined on October 1 that it could not collect $58,000 of its accounts receivable from its customer, P. Moore, it used 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 October 30 entries for recovery of this bad debt. Note from Dr. Beck. Do not record the October 1 entry for this question, that entry was already recorded on October 10 Journal entry worksheet Record the reinstatement of the account previously written off. note: Enter debits befare credits: Journal entry worksheet Record the cash received on account. Note: Enter debits before credits
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