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On December 28, received notification that the consignee sold the inventory that was delivered on Credit On December 31, determined that APA wil not be
On December 28, received notification that the consignee sold the inventory that was delivered on Credit On December 31, determined that APA wil not be paying their outstanding balance. Wrote off the total amount of bad debt from AP Corp. Debi Credit issued a bond on December 31 with a face value of $53,000 at astated annual interest rate of 4% and a market annual interest rate of 9%. The bonds mature in 10 years and interest is paild annually at the end of the period. Round all balances to the nearest whole dellar On December 28, received notification that the consignee sold the inventory that was delivered on Credit On December 31, determined that APA wil not be paying their outstanding balance. Wrote off the total amount of bad debt from AP Corp. Debi Credit issued a bond on December 31 with a face value of $53,000 at astated annual interest rate of 4% and a market annual interest rate of 9%. The bonds mature in 10 years and interest is paild annually at the end of the period. Round all balances to the nearest whole dellar
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