Ba ch 07 Ex 7-4 h 07 Ex 7-4 Help Exercise 7-4 Direct write-off method LO P1 Dext

Question

Ba ch 07 Ex 7-4 h 07 Ex 7-4 Help Exercise 7-4 Direct write-off method LO P1 Dexter Company applies the direct write-off method in accounting for uncollecuble accounts March 11 Dexter determines that it cannot collect $8,780 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 Journal entry worksheet O Type here to search

Explanation / Answer

Dexter Company Journal Entries Date Accounts Title and Explanation Debit Credit Mar-11 For Recording Bad Debt Bad Debt          8,700 Accounts Receivable          8,700 Mar-29 For realising earlier written off account Accounts Receivable          8,700 Bad Debt          8,700 Cash          8,700 Accounts Receivable          8,700

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