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The following are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. (a)
The following 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
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