All partners agree that $150,000 of accounts receivable invested by a partner will be collectible to the

Question:

All partners agree that $150,000 of invested by a partner will be collectible to the extent of 90%. How should the be recorded in the general ledger of the partnership?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...