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mework: Ch 6 HW 2 Question 5, EF9-17(similar to) HW Score:...

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Accounting

mework: Ch 6 HW 2
Question 5, EF9-17(similar to)
HW Score: 0%,0 of 8 points
Part 1 of 6
Points: 0 of 1
Read the requirements.
June 1: Peak Performance Cell Phones sold $20,000 of merchandise to ArmstrongTrucking Company on account. Ignore Cost of Goods Sold.
\table[[Date,Accounts and Explanation,Debit,Credit],[Jun.1,,,],[,,,],[,,,],[,,,]]
Requirements
Journalize the transactions for Peak Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold
What are some limitations that Peak Performance will encounter when using the direct write-off method?
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