Perform the exercises in which you must analyze

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Reference no: EM133561115

Question: Perform the following exercises in which you must analyze the methods to evaluate accounts receivable, perform notes receivable exercises and define the different types of accounts receivable:

1 - Defines and explains short- and long-term accounts receivable.
2 - Equipos y Más a is an electronic equipment company and had several notes receivable. Journalizes entries for the following accounts receivable:

Date	Transaction
10 feb	A note receivable for $150,000 with a term of 4/n60 was received to replace account receivable.
12 march	A note receivable was received for $185,000 with a term of 6/n90. to replace account receivable.
12 april	Payment of the note receivable of February 10 was received including interest
16 may	A note receivable for $125,000 with a term of 5/n40 was received to replace account receivable.
10 jun	Full payment of the March 12 note receivable was received.
11 sep	A note payable of $210,000 with a term of 8/n90 was received to replace account receivable.
18 dic	Full payment of the October 11 account receivable was received.

Reference no: EM133561115

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