March 11 Dexter determines that it cannot collect $8,900 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. Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet < 1 2 3 Record write-off of Leer Company account. Note: Enter debits before credits. Date March 11 General Journal Debit Credit Record entry Clear entry View general Journal <

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 26Q: A customer was unable to pay the accounts receivable on time in the amount of $34,000. The customer...
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March 11 Dexter determines that it cannot collect $8,900 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.
Prepare journal entries to record the above transactions.
View transaction list
Journal entry worksheet
<
1
2
3
Record write-off of Leer Company account.
Note: Enter debits before credits.
Date
March 11
General Journal
Debit
Credit
Record entry
Clear entry
View general Journal
<
Transcribed Image Text:March 11 Dexter determines that it cannot collect $8,900 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. Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet < 1 2 3 Record write-off of Leer Company account. Note: Enter debits before credits. Date March 11 General Journal Debit Credit Record entry Clear entry View general Journal <
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