Exercise 9-3 Direct write-off method LO P1 Dexter Company applies the direct write-off method in…

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Exercise 9-3 Direct write-off method LO P1Dexter Company applies the direct write-off method in accounting for uncollectible accounts.

  March11

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.

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