Exercise 9-3 direct write-off method lo p1 dexter company applies the

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Exercise 9-3 Direct write-off method LO P1

Dexter Company applies the direct write-off method in accounting for uncollectible accounts.

  

March 11

Dexter determines that it cannot collect $45,000 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.