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If a company sells a product to a customer and records the sale upon delivery, but then the customer refuses to pay for the product,
If a company sells a product to a customer and records the sale upon delivery, but then the customer refuses to pay for the product, how is this event handled from an accounting perspective? Question options: Allowance for bad debts is decreased and expenses are increased. Accounts receivable is decreased . Revenue is decreased. No entry is made until the end of the fiscal year
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