mework: Ch HW
Question EFsimilar to
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Read the requirements.
June : Peak Performance Cell Phones sold $ of merchandise to ArmstrongTrucking Company on account. Ignore Cost of Goods Sold.
tableDateAccounts and Explanation,Debit,CreditJun
Requirements
Journalize the transactions for Peak Performance Cell Phones using the direct writeoff method. Ignore Cost of Goods Sold
What are some limitations that Peak Performance will encounter when using the direct writeoff method?