Determine the amount to be paid in full settlement of each invoice,assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. 
Definitions:
Small Companies
Businesses with a relatively small market share or workforce, often defined by specific criteria such as revenue, assets, or number of employees.
Receivables
Money owed to a company by its customers or clients for goods or services that have been delivered but not yet paid for.
Direct Write-off Method
An accounting method where uncollectible accounts receivable are directly written off against income at the time they are considered unrecoverable.
Formal Written Instrument
Refers to a legal document that formally records a transaction, agreement, or legal obligation between parties.
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