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