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accounting help 52. Which of the following would be included in the entry by the payee to record a note receivable? A. A debit to
accounting help
52. Which of the following would be included in the entry by the payee to record a note receivable? A. A debit to Accounts Receivable B. A debit to Interest Revenue C.A debit to Notes Receivable D.A credit to Interest Expense 53. Which of the following is true of the proper balance sheet treatment of the Allowance for Bad Debts with a credit balance? A. It is reported as a current liability. B. It is reported as an operating expense C. It is reported as a separate, independent line item under current assets D. It is shown as a contra account related to accounts receivable 54. The accounts receivable turnover ratio meases A. the number of times a company collects the average accounts receivable balance in a year B. how many days it takes, on average, to collect receivables C. how many days it takes, on average, to sell the inventory A. how well a company can pay its current liabilities with its current assetStep by Step Solution
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