Dexter determines that it cannot collect $8,000 of its accounts receivable from

ID: 2445380 • Letter: D

Question

Dexter determines that it cannot collect $8,000 of its accounts receivable from its customer Lester Company.

Lester 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.

Record write off of Lester Company account.

Record the reinstatement of an account previously written off.

Record write off of Lester Company account.

Record the reinstatement of an account previously written off.

Record the cash received on account.

exter Company applies the direct write-off method in accounting for uncollectible accounts.

Prepare journal entries to record the above selected transactions of Dexter.

Record write off of Lester Company account.

Record the reinstatement of an account previously written off.

Record the cash received on account.

Date Account Title & Explaination Debit Credit March 11 Uncollectible Accounts Expense 8000 Accounts receivable 8000

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