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During the winter of 1999, minimum temperatures did not get much below freezing in an Oregon pond, and the following summer, large mosquito populations were observed. In the winter of 2000, frost came early and most ponds were frozen for 3 months. The following summer, very small mosquito populations were observed. This is an example of
Credit Sales
Sales made by a business where the payment is to be received at a later date, extending credit to customers.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that might not be collected, reducing the total value of accounts receivable by a corresponding amount.
Credit Sales
Sales made on credit, meaning payment is to be received after the delivery of goods or services.
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