pmoon812
Level 1

journal entry

our company does business with a big box store.  we have 20+ outstanding invoices with them for product shipped to them.  they went back two years & assessed fees that wiped out the existing overdue invoices.  there are 4 stores involved.  what are the accounts for a JE to get these invoices off the books for now.  i know i should probably DR the AR account but not sure what to CR.