3 56 ints Dexter Company uses the direct write off method

Last updated: 9/18/2023

3 56 ints Dexter Company uses the direct write off method March 11 Dexter determines that it cannot collect 8 200 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 No 1 2 3 Date March 11 March 29 March 29 Answer is complete but not entirely correct Bad debts expense Accounts receivable Leer Company Cash General Journal Accounts receivable Leer Company Bad debts expense Merchandise inventory X Debit 8 200 8 200 8 200 Credit 8 200 8 200 8 200