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:

Physical Traits

Observable characteristics determined by genetics, such as height, eye color, and hair color.

Behavioral Traits

Characteristics or behaviors that individuals display, which can be influenced by genetics, environment, or a combination of both.

Cumulative Cultural Evolution

The dynamic ongoing process of cultural change that is a consequence of variation that individuals have produced in the cultural tools they use.

Genetic Inheritance

The process by which genetic information is passed on from parents to their offspring, determining traits and predispositions.