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maria [59]
3 years ago
11

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.?
Mathematics
1 answer:
Brrunno [24]3 years ago
3 0
We are asked to show the transaction in the balance sheet of a customer who made a promissory note that he will pay the remaining in 60 days. The given values and details are shown below:
Charge = $575
Cash = $200
Balance = $375

The transaction is Receivables ($200, $375, $575).
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