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If I pay for annual membership dues and it entitles me to enroll in continuing educational classes, what G/L account do I charge the membership and what G/L account do I charge the classes and any hotel, food, etc associated with the class?
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DSO AND ACCOUNTS RECEIVABLE Harrelson Inc. Currently has $750,000 in accounts receivable, and its days sales outstanding (DSO) is 55 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales...
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