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Josh and Brett enter a contract in which Brett agrees to write a how to guide Josh's publishing company for $500. Brett gets into the project, and calls Josh to tell him that that project is entirely too much work for $500, and that he won't be performing his obligations under the contract...

...for both Flighlessbirds and NancyCo? How would the transaction appear in terms of financial statement elements, on the financial statements of both FlightlessBirds.com and Nancy Co. Flightlessbirds.com, the internet's hot spot for purchasing emus online, sold 20 emus to Nancy Co. for...