The Journal Entry to Record a Note Received from a Customer

question 33

Multiple Choice

The journal entry to record a note received from a customer to replace an account is

• A) debit Notes Receivable; credit Accounts Receivable
• B) debit Accounts Receivable; credit Notes Receivable
• C) debit Cash; credit Notes Receivable
• D) debit Notes Receivable; credit Notes Payable

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Definitions:

Participative Engaging

A process or approach that involves actively involving individuals or groups in making decisions or in activities that affect them.

Conjoined Activities

Conjoined activities refer to tasks or actions that are performed jointly or in coordination with others, often requiring teamwork or collaborative effort.

Technological Expertise

The advanced knowledge and skills in using technology effectively in a particular domain or field.

Noncaring

A lack of empathy, concern, or attention towards others' needs or well-being.