Solution-Presented below are three receivables transactions

Presented below are three receivables transactions

Reference no: EM131144235

1. 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.

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

Reference no: EM131144235

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Presented below are three receivables transactions

Reference no: EM131144235

Reference no: EM131144235

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