Question
You have written off a customer's account several months or even several years ago. Today the customer walks into your store and wants to pay
You have written off a customer's account several months or even several years ago. Today the customer walks into your store and wants to pay this old account. Do you take the customer's money? How do you account for this situation? What journal entries would you make?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
