jen1164
jen1164
25.11.2021 • 
Business

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Required:
Prepare journal entries to record the above transactions.

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