Question: 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) Sold merchandise on account for $64,000 to a customer.

Identify different types of receivables.

(LO 1)

(b) Received a promissory note of $57,000 for services performed.

(c)

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