Dexter Company applies the direct write-off method in accounting for uncollectible accounts. March 11 Dexter determines that it cannot collect $8,900 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.

Dexter Company Journal entries

1.Mar 11

Dr Bad debt expense8,900

Cr Account receivable 8,900

2.Mar 29

DrAccount receivable8,900

Cr Bad debt recovery8,900

3.Mar 29

Dr Cash8,900

Cr Account receivable 8,900

Explanation:

1.On Mar 11 we have to record bad debt expense by Debitng Bad debt expense with 8,900 and Crediting Account receivable with 8,900

2.On Mar 29 we have to reinstated the transaction by Debiting Account receivablewith 8,900 and Crediting Bad debt recoverywith 8,900

3.On Mar 29 we have to record Cash collection by Debiting Cashwith 8,900 and Crediting Account receivable with 8,900

2,283,000

explanation:

i just had to add it