Presented on page 400 are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet.

Identify different types of receivables.

(SO 1)

400 Record basic accounts receivable transactions.

(SO 2)

Prepare entry for write-off, and determine cash realizable value.

(SO 3)

Prepare entries for collection of bad debt write-off.

(SO 3)

Prepare entry using percentage of receivables method.

(SO 3)

Compute interest rate and interest on note.

(SO 4)

Prepare entry for note receivable exchanged for accounts receivable.

(SO 4)

Prepare entry for estimated uncollectibles and classifications, and compute ratios.

(SO%3)76, 778}

Cae Analyze accounts receivable.

(SO 8)

Cas Prepare entries for credit card sale and sale of accounts receivable.

(SO 9)

CHAPTER 8 _ Reporting and Analyzing Receivables

(a) Advanced $10,000 to an employee.

(b) Received a promissory note of $34,000 for services performed.

(c) Sold merchandise on account for $60,000 to a customer.