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You perform a business service for which you charge $575. You receive $200 in cash and a promissory note for the balance, payable in 60 days. What steps will you use to show this transaction on your balance sheet? a. Cash by b. Receivables by c. Owner's equity by

Answer :

musiclover10045

You would record it as receivables because it is a payment you are receiving from the customer.

a  200 cash

b  375

c 575

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