Solstice Company determines on October 1 that it cannot collect $70,000 of its accounts recelvable...
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Solstice Company determines on October 1 that it cannot collect $70,000 of its accounts recelvable from its customer, P. Moore. It uses the direct write-off method to record this loss as of October 1. On October 30,P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries for recovery of this bad debt. Journal entry worksheet Record the reinstatement of the account previously written off. Note: Emer debies befoes credits Solstice Company determines on October 1 that it cannot collect $70,000 of its accounts receivable from its customer, P. Moore. It uses the direct write-off method to record this loss as of October 1 . On October 30 , P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries for recovery of this bad debt. Journal entry worksheet Solstice Company determines on October 1 that it cannot collect $70,000 of its accounts rece the direct write-off method to record this loss as of October 1. On October 30, P. Moore unexp Solstice Company. Record Solstice's entries for recovery of this bad debt. 1 Record the reinstatement of the account previously written off. 2 Record the cash received on account. Credit Note : = journal entry has been entered
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