Accounts Receivable Up until the current fiscal year, the owners reviewed accounts receivable on a monthly basis. Bad debts have been rare and insignificant from a dollar perspective, so an allowance for doubtful accounts has never been established. Individual bad debts have simply been written off when identified as uncollectible. Ethan has been busy and has admitted that he has not being paying attention to Accounts Receivable in recent months. Ristorante Pasqual has owed RAR $6000 since July 2019 for refurbishing work done to the hardwood floors. Ethan heard that the Ristorante Pasqual is facing bankruptcy. He's been meaning to discuss this rumour with the Bakers and also to report to them that the new sales associate have been granting credit quite liberally. He suspects the potential bad debt associated with Ristorante Pasqual is not an isolated occurrence and has asked how to account for this situation. What is the accounting issue? Notes Payable The interest free note payable is an amount owing to Margaret's father. The note calls for repayment of a minimum of $50,000 each year. In fiscal 2019, $52,000 was repaid. ASPE, Related party transaction, what is the accounting issue