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Jones Company presents the following data for 2010. The days' sales in receivables is
Bad-Check Statute
Laws that penalize individuals who knowingly write checks from a bank account without sufficient funds.
Drawee Bank
The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.
Drawer
The party who draws a draft, that is, the party who orders that the money be paid.
Payee
The party named in a note or draft to whom payment is to be made.
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