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Which examples can be classified as an accounts receivable

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Reference no: EM132626710

Problem 1: Which of the following examples can be classified as an accounts receivable?

Option 1: Terry sent a specialty cage supplier a payment on account.

Option 2: Terry placed an order for food for the spotted genet. The terms of sale were cash in advance.

Option 3: Terry took a $500 deposit for the upcoming stay of the boa constrictor.

Option 4: Terry issued a paycheck to his receptionist.

Reference no: EM132626710

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