If a Company Receives a Note Receivable on Account, What

question 82

Multiple Choice

If a company receives a note receivable on account, what journal entry is prepared?

• A)debit Accounts Receivable and credit Notes Payable
• B)debit Notes Receivable and credit Sales Revenue
• C)debit Cash and credit Accounts Receivable
• D)debit Notes Receivable and credit Accounts Receivable

---

Definitions:

Critical Coalition

An alliance of stakeholders or parties that forms during negotiations or decision-making processes, crucial for achieving a particular outcome.

Variety In Resources

the presence of a diverse range of materials, assets, or support available for use.

Partner Influence

Partner influence refers to the impact that one individual or entity has on the decisions, behaviors, or attitudes of another within a partnership or relationship.

Preserve Interests

The act of protecting or maintaining one's own stakes, needs, or concerns in a particular situation or negotiation.