The is used to record a sales transaction when the product or service is provided to the customer and the customer promises to pay later. Sales Receipt Receive payment form Invoice form Credit memo form Which report provides information to assist in evaluating which customers are less likely to pay their bill? Sales by Product/Service Summary Accounts payable aging Accounts receivables aging Open invoices If the accrual basis is used, a sale is recorded when: The bill is sent to the customer The good or service is provided Cash is collected from the customer The profit or loss statement is created