1. Record the following transactions on the books of Keyser Co. (a) On July 1, Keyser Co. sold merchandise on account to Maxfield Inc. for $15,200, terms 2/10, n/30. (b) On July 8, Maxfield Inc. returned merchandise worth $3,800 to Keyser Co. (c) On July 11, Maxfield Inc. paid for the merchandise. 2. Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. (a) Sold merchandise on account for $64,000 to a customer. (b) Received a promissory note of $57,000 for services performed. (c) Advanced $10,000 to an employee