lyndaj0331
Level 4
08-18-2023
08:45 AM
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This is a store on the boardwalk. He leased the space. He was losing money so just turned everything back over to the landlord (who i am sure had another buyer in place). No funds changed hands; however the buyer took over $217,000 in A/P and received $18,000 in inventory. How do i record this?
Thank you.