Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet.
-Sold merchandise on account for $64,000 to a customer.
-Received a promissory note of $57,000 for services performed.
-Advanced $10,000 to an employee.
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Home » Business » Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.