The Journal Entry to Record a Note Received from a Customer

question 61

Multiple Choice

The journal entry to record a note received from a customer to apply on account is:

• A)debit Note Receivable and credit Service Revenue.
• B)debit Service Revenue and credit Note Receivable.
• C)debit Note Payable and credit Note Receivable.
• D)debit Note Receivable and credit Accounts Receivable.

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Definitions:

Ethnic Communities

Groups of people who share a common ethnic background, cultural heritage, language, or religion, and often form communities within a larger society.

Racial Politics

The ways in which race and ethnicity shape political dynamics, policies, and perceptions, including the exploitation of racial differences for political gain.

Ethnic Politics

The influence of ethnicity on political processes, behaviors, and power dynamics within a society.

Peer Study/Supervision

A method of learning or improving skills through collaboration and mutual feedback among peers, often in educational or professional settings.