Which of the following items should be in accounts receivable? If an item does not belong in
Question:
Which of the following items should be in accounts receivable? If an item does not belong in accounts receivable, tell where on the balance sheet it does belong:
(a) installment accounts receivable from regular customers, due monthly for three years;
(b) debit balances in customers' accounts; and
(c) receivables from employees;
company.
(d) credit balances in customers' accounts; and
(e) receivables from officers of the company. Q-7
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