Business, 10.03.2020 20:27 elgallo8773

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $67,000 of its accounts receivable from its customer, P. Moore. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company. Record Solstice's entries to reflect the recovery of this bad debt.

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