Question
Apple has an account receivable from PearCorp for $18,000. PearCorp paid Apple $1,350 and gave them services valued at $7,400 in full settlement of the
Apple has an account receivable from PearCorp for $18,000. PearCorp paid Apple $1,350 and gave them services valued at $7,400 in full settlement of the debt. Using the direct method for recording un-collectable accounts, how do you record this transaction?
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Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
