InAllActuality9919 InAllActuality9919

13-11-2017
Business

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The journal entry to record a note received from a customer to replace an account is

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meerkat18 meerkat18

23-11-2017

The journal entry to record a note receivable is a debit to notes receivable and credit to accounts receivable. The account receivable is credited as the note receivable is replaced this is done if the account is already past due.

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