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Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a statement of financial
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a statement of financial position. a. Sold merchandise on account for W64,000,000 to a customer. b. Received a promissory note of W57,000,000 for services performed. Accounts receivable Notes receivable Other receivables c. Advanced W10,000,000 to an employee
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