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- One debit line showing the summarized amounts for the fisherman “Settlement Accrual” account. The GL Account comes from the vendor’s “Settlement Accrual” account or, if missing, defaults from the Purchasing Preference for “Default Account – Settlement Accrual” account.
- One credit line showing the summarized amounts for each unique “Sale Account” on the transaction.
Note: If a payment was recorded on the Fisherman Sale, the fisherman's 'Settlement Accrual' account will be credited for the amount of the payment and the payment's 'Cash Account' will be debited for the amount of the payment.
Journal entries for negative sales line items (Returns)
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