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(150 words please) 1. What are some common types of receivables other than accounts receivable and notes receivable? (provide 2-3) 2. Texaco Oil Company issues

(150 words please)

1. What are some common types of receivables other than accounts receivable and notes receivable? (provide 2-3)

2. Texaco Oil Company issues its own credit cards. Assume that Texaco charges you $40 interest on an unpaid balance. Prepare the journal entry that Texaco makes to record this revenue.

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