Presented below are three receivables transactions indicate


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.

(c) Advanced $10,000 to an employee.

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Accounting Basics: Presented below are three receivables transactions indicate
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