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Solstice Company determines on October 1 that it cannot collect $ 5 4 , 0 0 0 of its accounts receivable from its customer, P
Solstice Company determines on October that it cannot collect $ of its accounts receivable from its customer, P Moore. It uses the direct writeoff method to record this loss as of October On October P Moore unexpectedly pays his account in full to Solstice Company.
Record Solstices entries for recovery of this bad debt.
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