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I am having a lot of trouble understanding these. Explain how a company records the payment of an invoice if the payment is received before
I am having a lot of trouble understanding these.
Explain how a company records the payment of an invoice if the payment is received before or after the invoice discount date has past.Give an example.
Explain how you would calculate and record an adjustment to a note receivable at year-end if it was not paid off in the current year and the note matures in the following year. Give an example.
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