Question
What is the effect on the accounting equation when a company receives payment on a note receivable, including interest? Cash Notes Receivable Revenue does cash
What is the effect on the accounting equation when a company receives payment on a note receivable, including interest?
| Cash | |
| Notes Receivable | |
| Revenue |
does cash increase or decrease?
notes receivable increases or decreases?
revenue increase or decrease?
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
