Dexter Company applies the direct write-off method in accounting for uncollectible accounts.
Prepare journal entries to record the above selected transactions of Dexter.
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March | 11 | Dexter determines that it cannot collect $9,800 of its accounts receivable from its customer Leer Company. | ||
29 | Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. |
Prepare journal entries to record the above selected transactions of Dexter.
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