Question: Thx Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a statement of

 Thx Presented below are three receivables transactions. Indicate whether these receivables
Thx

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a statement of financial position. (a) Advanced $10 000 to an employee. b) Received a promissory note of $57 000 for services performed. (c) Sold inventory on account for $60 000 to a customer Click cell & use d Click cell & use Click cell & use Question 5 Cell referencing not required for this sheet. You can type numbers to the $ value entry cells (a) Marner's Deli accepted a VISA credit card for payment of a $400 dinner. The bank charges a 6% fee. What journal entry should be made? (b) Mezza Ltd sold its accounts receivable of $90,000. What journal entry should Mezza make, given a service charge of 5% on the amount of receivables sold? Transaction (a) Debit a/c #1 value Debit a/c #2 value Note: You may not require 2 debits and 2 credits. Credit a/c #1 Credit a/c #2 alue alue Transaction (b) Debit a/c #1 value t a/c value Note: You may not require 2 debits and 2 credits. Credit a/c #1 Credit a/c #2 alue alue

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