Dexter Company applies the direct write-off method in accounting for uncollectible accounts.
| March | 11 | Dexter determines that it cannot collect $8,000 of its accounts receivable from its customer Lester Company. |
|---|---|---|
| 29 | 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 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.