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Explain using GAAP what Mr Leon should do

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Question - Mr. Leon owns and operates a successful furniture outlet in Brampton. In January of 2015 he began an advertising campaign of "No Money Down & No Interest" for 12 months.  During the month of January, Mr. Leon made $25,000 in furniture sales.  However, upon inspection of his general ledger on January 31 it was noticed that he did not record any transactions. Explain using GAAP's what Mr. Leon should do.

Reference no: EM133099135

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