Exercise 9-3 direct write-off method lo p1 dexter company applies the
Exercise 9-3 Direct write-off method LO P1
|Dexter Company applies the direct write-off method in accounting for uncollectible accounts.|
Dexter determines that it cannot collect $45,000 of its accounts receivable from its customer Lester Company.
Lester Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.