Cachet Co.has the following information: 
No recoveries were recorded during the year.What was the amount of accounts written off during the year?
Definitions:
Nation Bank
Likely a typographical error, but if referring to "National Bank," then it's a commercial bank chartered by the federal government in the United States.
Good Faith Purchaser
A Good Faith Purchaser is someone who buys property without knowledge of any prior claims, disputes, or flaws related to the property, thereby obtaining legal ownership.
Holder In Due Course
A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.
Acceptor
The person (the drawee) who accepts a draft and who agrees to be primarily responsible for its payment.
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