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nde Maich cack of fhe bolloving sess theough j wits the approgriate beimisions1 ongh 10. accounts receivable, ji ediates bow ofen, on average, Accounts receivatles

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nde Maich cack of fhe bolloving sess theough j wits the approgriate beimisions1 ongh 10. accounts receivable, ji ediates bow ofen, on average, Accounts receivatles ave received and oolleced during the period recevable tamover 2. The sccowtine pinciple tt seguires the finanicial stalements (Gncduding the es to sepoin all relevaunt accousts receivable information alont operaionis and Snancial condiion seller a fee and then reseives caso Som the reeivables as they come due 4. One who signs a note and piomises to pey in at oe maturit 5. The amount that the sigier ofa note agrees to pay back when the note matures, o including interest The accounting principle that states that an amount can be ignred if its cffect on the finaucial satenents is unimportant to their users Factor Pul disclosure Maker of a note 7 A method of acconng for bad debis that matches the estimated loss from mcollecfible accoumts receivable against the sales hey belped to produce 8. Refers to a note maker inability or refusal to pey the note at maturity 9. A method of the loss from an uncollectible accoust receivable when for bad debis that records Direct write-off 10. Amounts owed by customers from credit sales for which payment is required in periodic payments over ain extended period of time Prinpal of a. 2. ABC Co. sold $80,000 of accounts receivable to First Bank and incurred a 2% factoring fee. jounal entry for ABC Co. to record the sale

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