Review problm on receivables transactions

Reference no: EM131828576

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) Advanced $10,000 to an employee.

(b) Received a promissory note of $34,000 for services performed.

Reference no: EM131828576

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