Hospitality Management

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet.

(a) Sold merchandise on account for $70,000 to a customer.

Don't use plagiarized sources. Get Your Custom Essay on
Hospitality Management
Just from $13/Page
Order Essay

(b) Received a promissory note of $57,000 for services performed.

(c) Advanced $10,000 to an employee.

Record the following transactions on the books of Essex Golf Supplies.

(a) On July 1, Essex sold merchandise on account to Harrard Golf Club for $16,000, terms 2/10, n/30.

(b) On July 8, Harrard returned merchandise worth $3,800 to Essex Co.

(c) On July 11, Harrard paid for the merchandise.

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.