mework: Ch $6$ HW $2$

Question $5,$ EF$9-17($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.

$\backslash$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?