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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 balance sheet. (a)
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) | Advanced $10,000 to an employee. | select an account title Accounts ReceivableNotes ReceivableOther Receivables | ||
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(b) | Received a promissory note of $34,000 for services performed. | select an account title Accounts ReceivableNotes ReceivableOther Receivables | ||
(c) | Sold merchandise on account for $60,000 to a customer. | select an account title Accounts ReceivableNotes ReceivableOther Receivables |
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