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Solstice Company determines on October 1 that it cannot collect $50.000 of its accounts receivable...

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Accounting

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Solstice Company determines on October 1 that it cannot collect $50.000 of its accounts receivable from its customer P. Moore. Apply the direct write-off method to record this loss as of October 1. View transaction list Journal entry worksheet Record the write off an account. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01 Record entry Clear entry View general journal 4 Next > Solstice Company, which uses the direct write-off method, determines on October 1that it cannot collect $50,000 of its accounts receivable from its customer P. Moore. On October 30, P. Moore unexpectedly paid his account in full to Solstice company Record Solstice's entries to reflect recovery of this bad debt. View transaction list Journal entry worksheet

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