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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
A customer with an overdue account of $450 pays $150 and provides a promissory note for the balance. Which of the following is the most appropriate journal entry to record this transaction?
A)
Cash   150   
Bad debts expense   300   
        Accounts receivable      450

B)
Cash   150   
Notes receivable   300   
        Accounts receivable      450

C)
Accounts receivable   450   
        Cash      450
         
D)
Cash   150   
        Accounts receivable      150
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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6 years ago
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