Wallah company agreed to accept 5000 in cash along with an


Question - Wallah Company agreed to accept $5,000 in cash along with an $8,000, 90-day, 13.5% note from customer Judith Klemper to settle her $13,000 past-due account. How should Wallah record this transaction?

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Accounting Basics: Wallah company agreed to accept 5000 in cash along with an
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