On December 30, 2012, Sim remitted $2,000 to Pal for merchandise purchases. The remittance was not recorded by Pal until January 5, 2013, and it is not reflected in Pal’s financial statements at December 31, 2012.
On December 30, 2012, Sim remitted $2,000 to Pal for merchandise purchases. The remittance was notrecorded by Pal until January 5, 2013, and it is not reflected in Pal’s financial statements at December 31,2012.