In: Accounting
March | 11 | Dexter determines that it cannot collect $9,200 of its accounts receivable from Leer Co. | ||
29 | Leer Co. 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.
Date | General Journal | Debit | Credit |
---|---|---|---|
Mar 11 | |||
Record the reinstatement of an account previously written off.
Date | General Journal | Debit | Credit |
---|---|---|---|
Mar 29 | |||
Record the cash received on account.
Date | General Journal | Debit | Credit |
---|---|---|---|
Mar 29 | |||