Business, 18.07.2020 21:01 cayleemiller02

Solstice Company determines on October 1 that it cannot collect $55,000 of its accounts receivable from its customer P. Moore. Apply the direct write-off method to record this loss as of October 1. On October 30, P. Moore unexpectedly paid his account in full to Solstice Company. Required:
Record Solstice's entry(ies) to reflect recovery of this bad debt.

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Solstice Company determines on October 1 that it cannot collect $55,000 of its accounts receivable f...