You sell 9,500 NCDs on July 25 to Excellent Acoustics for $25.75 against a cash payment in full.

 
   

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You sell 9,500 NCDs on July 25 to Excellent Acoustics for $25.75 against a cash payment in full. Lavalier Sales and Marketing (Channel Islands) was not involved in the transaction, so no commission is payable. Despite the advance payment, you decide to expense for uncollectibles anyway.