Question
Your boss told you that he had received the cheque on December 5, 2020. He had put it in the wrong drawer and had just
Your boss told you that he had received the cheque on December 5, 2020. He had put it in the wrong drawer and had just discovered it. Woodcroft had taken the Sales Discount because she paid within the discount terms. Your boss told you she was entitled to the discount as it was his fault that the cheque was deposited after the discount date. How do this part in QuickBooks?
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I would record the cheque as being received on December 5 2020 and then give the customer the sale...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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